RollOnFriday doffs its cap to US powerhouse Latham & Watkins for having the brass neck to charge a client $40,000 a month for its secretaries.
The client, a GC at a large organization, said that he noted the line item on a bill a while ago. When he queried it he was told that “unlike other firms, we do not inflate our hourly rates to include our overheads”. The client pointed out that the firm was charging its partner out at $1,300 an hour, a rate which could probably include quite a lot of overheads, and told Latham it could pay for its own secretaries.
A spokesman for Latham declined to comment.