Are v10 firm clients fee sensitive?
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Anyone else having a pretty bad experience this summer? Maybe its just the firm I am at but— * No one seemed to have time for me. * A lot of people came across as rude or unprofessional. * The overall vibe was that associates and partners were unhappy. * The summer events were underwhelming. * I personally know of three people who are deciding not to accept their return offers because of the vibes and culture in the office. Curious if this was just my experience or if others felt the same…
Clients challenging fees after the fact has genuinely gone too far. It feels like lawyers are the only profession where clients can just "decide" what they want to pay. I would never go into a restaurant, order what I want, eat the entire meal, then ask for a discount. I don't challenge the rate my doctor charges (though maybe an insurance company does), etc. This is so silly and disrespectful to the profession.
I have a $1.2M net worth as a 3rd year NYC mid level (including home equity) yet I still feel broke and empty. Majority of paycheck simply goes into retirement accounts, mortgage or index funds. Not interested in dating/relationships and most days I just eat a six piece chicken McNuggets on the way home from work for dinner and rice and beans at home on weekends. No traveling, no vacations, not close with family (not interested in any of that). Anyone else similar? I can’t be the only one
Yes they are, you people are delusional if you think companies pay out at a firms MSRP
@Skadden: not to sound like an asshole but legitimately TIL there's a firm called Clark Hill
I’ll say it depends. For example we represent emerging fund managers raising their first institutional fund. They hire us because they very much want to signal that they’re using a serious firm and know what they’re doing, but still tend to be more fee sensitive than our larger fund manager clients. But even our gigantic clients complain about our bills.
Some can be to a degree, but the term “fee sensitive” here does not mean what it means at downmarket firms.
Not like everywhere else. Some matters more so than others. But let’s not kid ourselves, people pay.
Some are (relatively), some aren’t. Depends on both the client and the matter.
Idk at mine there’s always negative attention and energy whenever things get high. Maybe just the clients I work with, who are typically the firm’s biggest, so maybe there’s more sensitivity there
Depends on the client and the deal