Fee Bargain

Law firm mergers may give you more room to negotiate legal fees.

By Chris Penttila • Jul 1, 2003

Opinions expressed by Entrepreneur contributors are their own.

It's a hard fact of the soft economy: Law firms arestruggling to survive with fewer clients and increasing operationalcosts.

Some are merging to stay competitive. Consulting firmHildebrandt calculated 53 law firm mergers in 2002, compared to 11mergers in 1997. Others are collapsing under the pressure. Brobeck,Phleger & Harrison, a San Francisco firm that soaredrepresenting technology clients during the boom, ceased operationsin January, laying off all 518 attorneys amid staggering debt andstalled merger talks.

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