New Fee Structure For Law Firms - Forbes.com: "another emerging model is the 'virtual' firm, which acts as an intermediary between clients and lawyers who have left big firms in order to work on a freelance basis. An example is Axiom Legal, a New York-based company that hires lawyers for temporary assignments. Axiom clients include Google ( GOOG - news - people ), Dow Jones, NBC and General Electric.
Axiom lawyers used to work in big firms and are well-trained but didn't want to join the 'whole rat race,' according to Chatain. The clients receive service similar to a major law firm at less cost. 'Almost everyone is happy,' says Chatain, except for the traditional law firm, 'which is unhappy because it actually trained the lawyers.'"
Friday, May 1, 2009
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