Current Economic Climate Likely to Cause Law Firms to Offer Flexible and Creative Fee Arrangements

The current economic climate will incline lawyers, specifically litigators, to rethink their fee structures. With inflation at a 40-year high, residential and commercial rents rising, and a predicted looming recession, clients are tightening their budgets, but also demanding the same level of service and results from their attorneys.

6 minute read July 01, 2022 at 12:03 AM
By
Nicole R. Rekant and Stevan J. Pardo
Current Economic Climate Likely to Cause Law Firms to Offer Flexible and Creative Fee Arrangements

The current economic climate will incline lawyers, specifically litigators, to rethink their fee structures. With inflation at a 40-year high, residential and commercial rents rising, and a predicted looming recession, clients are tightening their budgets, but also demanding the same level of service and results from their attorneys.

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