I have definitely decided to tell this client "no" on our fee reduction. I'm sure they will find someone to do it for that fee, but it won't be me.

I basically think this trend is mostly in the equity market and there is plenty of other work out there. I figure the more these "inexperienced" abstractors undercut each others prices, the less time they will have to do work for "real" clients. Let them fight it out and put each other out of business when things slow down... we will still be here.

I agree with a lot of you... in the end these companies will get bit and their "cheaper" abstractor will be out of business and have no E&O to go back on. I believe that it will all come down to quality in the end.

Thanks,
Robert.

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