Lawyers, to their chagrin, acknowledge that their banking clients have commoditized – turned into a package which can be priced accurately – virtually every area of legal practice, except litigation. Bankers are used to having bond issues and syndicated loans negotiated and documented by lawyers on a fixed-fee basis. But litigation remains largely subject to the “piece of string rule” as in Q: How much will it cost? A: How long is a piece of string?
This is not simply a matter of lawyers’ intransigence.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
