Is This Firm A Threat To Biglaw?
The future of law firms is now.
If you were at Weil Gotshal or Kirkland, and your rate was $800 an hour and the client really loved you, then the client is going to really love you at $450 an hour.
— Grant Walsh, a co-founder of Culhane Meadows,
a virtual law firm that is growing rapidly and allows partners to set their billable rates, keep 80 percent of the revenue for matters they originate, and handle all of it while working from home. Another virtual law firm, FisherBroyles (which Culhane Meadows spun off from), says it will crack the Am Law 200 next year due to its annual gross revenue growth.
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