Portfolio Billing Gains Steam As Firms Reap Profits

By Shannon Henson

Law360, New York (June 14, 2010, 10:27 AM ET) -- A newer alternative billing method — portfolio billing — is growing in popularity as law firms realize the deals can become more profitable over time, lawyers and legal consultants said.

Portfolio fee arrangements, where a client pays a law firm to take on an entire stable of work for a predetermined fee, are becoming more popular because they provide the predictability of fixed fees while allowing additional opportunities for efficiencies, consultants said.

“The law firm knows that it is going to have steady cash flow as...
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