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April 05, 2009

Desperately Seeking Value For Clients.

Four 'down-economy' questions:

1. After the economy stabilizes, "should associates pay their law firms in the first two to three years?"

2. Law schools need to step up--or get out of the way. Isn't it time to shorten classroom legal education, and let law-firms-that-teach either be paid for--and at least not have to pay for themselves--what they give to young lawyers?

3. In the short-term, when Big Clients find out they were being charged in excess of paralegal rates for high-priced associates-in-training to do paralegal work, will those clients sue for the difference? Lots of great class action firms out there. Talk about strange bedfellows--and novel clients for the dreaded Rule 23 Royalty.

4. But is there money left in the law firms?

Posted by Holden Oliver at April 5, 2009 05:20 AM


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