Tuesday, February 8, 2011
Wanna hire me? What's it worth to you?
John Wallbillich's "Law Firm Client Minimums: The End of Happy Hour?" at Wired GC. Is DLA Piper's minimum annual billing threshold of $200K for new clients going to set a BigLaw precedent? Or will it quietly fade away when they realize that clients don't appreciate being told their $150K deal isn't worth the effort? Either way, it raises a lot of questions. Read Wallbillich's take (I especially like 5 and 6), and ask yourself what this means for you, for your practice, and most importantly for your clients.