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The Law Blogger is a law-related blog that informs and discusses current matters of legal interest to readers of The Oakland Press and to consumers of legal services in the community. We hope readers will  find it entertaining but also informative. The Law Blogger does not, however, impart legal advice, as only attorneys are licensed to provide legal counsel.
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Tuesday, June 14, 2011

Reasonable Fees a Must in Tight Legal Services Market

Consumer focus groups often characterize attorneys as overpriced. Combine that conclusion with a lawyer's frequent arrogance, and the overall experience of purchasing legal services can be disappointing.

A recent study cited in The Economist noted that so called “Big Law” [America’s 250 largest private law firms] shed 8% of its work force over the past two years. Many top-tier law school graduates cannot find work in their chosen field.

Local general practitioners have also seen the effects of a tight market for legal services amidst a glut of service providers. Fortunately for them, appearing before the local magistrate or county trial judge cannot be outsourced to India like an e-discovery document review.

Nevertheless, globalization, digitization, and cloud-based data sourcing are driving fees for all legal services downward. Information is coming to the people at a bit-torrent pace. The client is forcing the attorney to re-think how service is measured and purchased.

Although professional pundits have been forecasting the death of the billable hour for the past two decades, it appears to finally be happening. Value-based alternative fee arrangements such as flat fees, performance contingencies, and multiple transaction discounts, are commonplace among competitive firms.

Survival in such an industry depends on a client-focused approach. Adding value to the client’s case, always important, is now imperative.

No one wants to overspend on a lawyer.  Therefore, prior to hiring an attorney, do some research on the Internet; check the reviews; check the electronic profile.  Your digital due diligence will increase the likelihood that your dollars will be well spent.

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Blogger S1m3R said...

Mr. Flynn practices what he preaches. As a client I have found his rates to be very competitive.

June 16, 2011 at 4:41 AM 
Anonymous Anonymous said...

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July 23, 2012 at 2:30 AM 
Blogger Brayan Adam said...

Very impressive content written on legal services, thanks for the great inputs.

January 19, 2013 at 11:20 AM 

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