Changing Legal Fees Through Litigation Budgeting

Law360, New York (September 16, 2009, 12:59 PM ET) -- Current economic pressures are changing how lawyers are hired and what legal fees their clients pay. At the heart of the changes lies the much maligned billable hour. While reports of the death of the billable hour continue to be greatly exaggerated, the billable hour increasingly has a new companion — litigation budgeting.

Seven years ago the ABA’s Billable Hours Report concluded that the hourly rate of a particular lawyer or law firm is often a poor proxy for the cost over time of that lawyer...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles