Say what you like, but whether its alternative billing arrangements, flat fees or anything else, the good, old standard bill-by-the-hour model still hasn’t changed in terms of remaining the preferred billing model by America’s big law firms.
Value billing. Alternative billing arrangements. Flat fees. Whatever the remedy to an oft-forecasted falling sky of unsustainability, the standard hourly billing scheme retains its majority stake on the invoices— and in the comfort zones—of corporate counsel, many of whom sharpened their baby teeth in Big Law. While demand is on the uptick for other means […]