Law Firms to Learn Meaning of ‘Bet the Company’ Work

As corporate priorities shift in response to the pandemic, some legal work that clients once considered of the utmost importance will no longer be, as law firms love to say, “bet-the-company.”

Cost Cutting to Come: Big Law pricing departments were developed in the wake of the last recession to help clients and law firms reach agreements that provide relief for clients in the short-term and preserve law firms’ health for the long-term.

Proper Responses: Partners will feel pressured to provide billable hour discounts, but pricing experts say that can prolong a downturn for firms. There are plenty of other ways ...