Bloomberg Law
June 19, 2019, 4:31 PM

Law Firm Sites Talk About Alternative Fees, But Use Appears Thin

Sam Skolnik
Sam Skolnik

Three of four top 100 Big Law firms talk about using alternative fee arrangements on their websites, but a Bloomberg Law analysis shows the legal industry seems slower in adopting the practice than those sites suggest.

Law firms are largely sticking to the billable hour, even as corporate clients continue to agitate for cost certainty, the analysis found.

The billable hour is a recurring source of friction between law departments and outside counsel as the client side seeks cost savings. But it’s likely to remain in place as the dominant way companies pay their firms for the foreseeable future, law ...

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