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Big Law Firms Struggle as Clients Demand New Flexible Billing Choices

An article on the front page of today’s Wall Street Journal confirms the mission of Kang Haggerty & Fetbroyt LLC.  The article, “Law- Firm Slowdown Fuels Cuts At Weil,” reports that one of New York’s major firms is “slashing pay” of dozens of partners…

Big Law Firms Struggle as Clients Demand New Flexible Billing Choices
By: Greg Mathews

An article on the front page of today’s Wall Street Journal confirms the mission of Kang Haggerty & Fetbroyt LLC.  The article, “Law- Firm Slowdown Fuels Cuts At Weil,” reports that one of New York’s major firms is “slashing pay” of dozens of partners and laying off 170 younger attorneys and support staff.  Many law firms have been slow to adapt to client demands for more cost effective legal services.  As the Wall Street Journal reports:

“Clients are putting increasing pressure on law firms to cut costs in the wake of recession, asking for deep discounts or demanding fixed fees for big cases or transactions, rather than hourly rates.  Many are refusing to pay for work done by a firm’s younger attorneys, who are often viewed as inefficient and overpriced.  Firms that don’t yield to the clients’ demands are finding themselves with less work and lower productivity.”

The attorneys of Kang Haggerty & Fetbroyt LLC launched this firm in May 2013 with a core goal of offering clients the expertise of seasoned lawyers and a range of flexible billing options to reduce legal expense.  Without the overhead, profit expectations and tiered hourly rate structures of a larger firm, we can offer our services in complex legal challenges in ways that make the most financial sense to our clients.

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