Ed. note: Welcome to our daily feature, Quote of the Day.
The market and variation is utterly bewildering. Some household name firms that are near and dear to clients’ hearts are proposing whopping increases over 30% while similarly situated firms are proposing a zero percent increase.
— Jason Winmill, managing partner of Boston consultancy Argopoint, in comments given to Corporate Counsel, concerning the “scattershot” rate hikes general counsel have seen across firms. “It’s a complicated, highly fragmented industry with tens of thousands of people making different decisions every day,” said Winmill, who has advised legal departments for more than two decades. “Variations in pricing are are reflected by geography, by fields of law and by individual practices—and certain practices are doing better than others.”
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on X/Twitter and Threads or connect with her on LinkedIn.