Implementing an Alternative Billing Program

Corporate counsel are exercising increased bargaining power about fees and terms of employment of outside law firms. Law firms can no longer ignore the competition of the marketplace when establishing billing rates and fees. Several variations and combinations of three basic billing systems, hourly billing, fixed fee billing and contingent fee billing, follow.

27 minute readJune 26, 2008 at 12:26 PM
By
Joel A. Rose
Implementing an Alternative Billing Program

Significant changes have occurred within the legal profession over the last decade. Law firms are experiencing the same wrenching changes that their corporate and business clients have endured. Today, lawyers

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