TITLE

Hot competition stokes the fires of Ireland's legal market

AUTHOR(S)
Byrne, Matt
PUB. DATE
April 2005
SOURCE
Lawyer;4/18/2005, Vol. 19 Issue 15, p72
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reveals that hot competition stokes the fires of Ireland's legal market. There is a story doing the rounds of the Dublin legal market at the moment about the price bid for a recent deal on a beauty parade. A firm pitching for the work, the securitisation of a tranche of loans, bid what it considered a "competitive bid". It lost, but was astounded to discover that the winning firm's price was 10 times lower, at under €10,000. The story of the €10,000 bid illustrates not only the level of competition, but the aggression of smaller and mid-tier Irish firms in buying market share. And the current demand for specialist lawyers suggests this is a trend that will only continue.
ACCESSION #
16850238

 

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