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Firms fear fixed-fee pressure, poll finds

PUBLISHED February 24, 2014
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Concern about the rising demand for fixed-fee work is growing in bigger firms, research has found.

Results of a survey by Thomson Reuters' legal business found 48% of finance directors at top-100 law firms saw the rising number of requests for fixed-fee work as a high risk to profitability - up from 29% two years ago.

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