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Going, going, gone – the hammer comes down for online auctions for legal services

We don’t hear anymore the din about online auctions for legal services (See my posts of Sept. 4, 2005 regarding GE’s online auctions in 2005; and March 12, 2006 regarding GE in 2003.). For good reason.

The process belies thoughtfulness and professional standards; the dregs of procurement-style cost bludgeoning are all that remains. Only a handful of companies have the quantity of legal services that share enough similarity to create sufficient savings from the effort. Lowest-common denominator services leach out to on-line auctions, not high-quality, high-cost matters. For all these reasons, there is not only no surge but a withdrawal from LegalBay.