Leaders Struggle With Setting Firmwide Rates

Mark L. Silow was featured in the Pittsburgh Post-Gazette  article, "Leaders Struggle with Setting Firmwide Rates." Full text can be found in the December 30, 2014, issue, but a synopsis is below.

In an era where law firms tend to span across numerous markets and practice areas, many of these firms have ventured away from uniform rates to more specialized approaches, creating vast differences in charged rates across offices, practices and attorney levels.

Mark Silow, Fox Rothschild firmwide managing partner, explains that, currently, there is a dynamic where people feel more encouraged and emboldened about the ability to increase rates and salaries, and, on the other hand, "everybody remains pretty scared" given the recession is not far in the rearview mirror.