Friday, April 17, 2009

Legal Billing Rates Scrutinized Down Under

The Standing Committee of Attorneys-General, comprised of AGs throughout Australia and New Zealand, yesterday asked its national legal profession joint working party to review five proposals aimed at greater transparency and accountability regarding legal fees. Read the full article on The Brisbane Times.

According to the article, "The measures proposed by NSW for eventual adoption into the national model law on the regulation of the legal profession include a prohibition on law practices charging excessive costs, fines for any breaches of provisions adopted, and a new regulation under which the principals of law firms - not their solicitors or any other person - would approve bills."

Obviously the U.S. legal system is not the only one coming under pricing pressure.

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