Vodpod videos no longer available.
The video above is from the WSJ and accompanies this interesting article on how law firms are having to restructure their fees and billing.
In many respects this is probably long overdue.
However, capped and fixed fee structures have become much more common in many areas of consulting and professional services, including law firms.
As the article notes firms are having to explore more efficient and effective ways of doing things. That in my view is a good thing.
There were some interesting comments in the video on co-operation and new metrics, which I for one would be interested in knowing more about in a general sense.