Fee Undercutting
Recently the complaint of fee undercutting arose amidst the ongoing mutual recriminations between a section of the senior and junior members of the bar; a complaint that emanated from the senior lawyers are that junior members with newly set up their firms were responsible for the undercutting of fees. An understandable concern by the senior lawyers is when competition is fought mainly on price, quality inevitably takes a hit because it ceases to be a …