In addition, as this article mentions, New Law models offer great value for money for its clients: without the overhead
required by larger firms, we can charge less for the same high quality work.
Not exact matches
Kent Mason, a partner with Davis & Harman in Washington, a law
firm serving banks and
large corporations, says that while the administration's goal «is to
require advisors to act in the best interest of their customers, the industry has no concerns with such a requirement, as evidenced
by the industry's longstanding support» for an SEC best - interest standard.
The more financially and professionally successful mid-sized law
firms are proficient in performing virtually all of the usual legal services in most of the substantive practice areas
required by their key clients, however, they do not have the lawyer complement
required to be expert in all practice areas, nor will the sophisticated buyers of legal services believe that mid-sized law
firms are able to provide the same breadth and depth of high quality legal expertise as
large general practice
firms several times their size.
Whether engaged
by a small business that
requires $ 500k of litigation finance, a
large corporate enterprise seeking a $ 60m portfolio finance arrangement, or a law
firm looking to expand their contingency fee work using tools that can guarantee a minimum realization rate on fees, we sit on your side of the negotiation table.
Large lenders with mortgages backed
by those agencies have a financial incentive to use designated law
firms when foreclosing on loans, and some smaller lenders are
required to use the designated
firms.
Despite this, the billable hours system continues to be used
by the vast majority of
large and medium
firms in Australia, with some 86 % of solicitors in Queensland reporting that they have a billable hours target which they are
required to meet as part of their job.
Retirement is a typical reason for Run off insurance which we find is particularly
required by smaller
firms or sole traders as with
larger firms the business is often sold or taken on
by a younger principal who maintains the PI Insurance and therefore provides the run off under that policy.
These huge numbers are brought in
by requiring the
firm's attorneys to meet increasingly high billable hour quotas, now averaging between 1900 to 2400 hours annually at most
large firms.
[40] If I may be forgiven for that lapse into facetiousness, I would simply remind any parties who feel disadvantaged or abused
by the fact that their out - of - town counsel are
required to personally travel here, that this city is home to a
large number of very able and competent lawyers and law
firms and those parties may wish to consider the option of retaining local counsel as an alternative.
Privacy Policies, whether a small or
large firm can often play a crucial role in retaining customers, but when your privacy policy doesn't meet the standard
required by its platform, sector or market, for example on an app store, then you may be in for losing a lot more business.
We provide a viable alternative to
large, increasingly impersonal search
firms or
firms so small that it is difficult for them to provide the quality of services
required by nationwide / worldwide clients.