BigLaw is Doomed If Clients Refuse to Pay for Associates
Some general counsel are starting to push back against big law firms charging $400 an hour for the work of associates, writes Joe Patrice for Above the Law.
Patrice quotes from an Am Law Daily report on a recent summit:
At a Manhattan conference on legal innovation this month, Mark Smolik, the general counsel of DHL Supply Chain Americas, had a message for the law firm representatives in his audience.
“Sorry, law firms. You spend on the training,” Smolik said. “I cannot afford to pay your associates $325 an hour.”
Smolik warned the group that he could hire those associates himself and “pick them up right out of law school.”
Read the Above the Law article.
