Boilerplate Special: Modern Fee Agreements Should Contain Technology Provisions
When it comes to engagement agreements, law firms often practice a ‘less is more’ philosophy. Doing what is ethically required in terms of identifying rates and scope of representation covers what you need to tell your clients; but, it may not be all that you want to tell your clients. M odern law firms, as well as modern legal consumers, can also focus on important additional clauses. For instance, modern legal consumers may want to know about the technology a law firm uses, as well as the data security principles to which it adheres. Modern legal consumers expect that type of transparency from data and software companies; and, as law firms become more technically viable moving forward, there are going to be more similarities than differences between those two (seemingly wholly different) business models. If this sounds like a thrilling (well, maybe not) new endeavor, you can st...