Firms Fear Potential Pitfalls Of Alternative Fees

Law360, New York (April 28, 2011, 4:31 PM EDT) -- Most corporate clients now expect firms to offer alternative fees, and while many do, some remain resistant to bailing on the billable hour in favor of potentially riskier cost arrangements, according to a new survey of firm leaders and in-house attorneys.

Many firms have gravitated toward fees that offer some of the billing certainty they're used to, with more than 65 percent of those surveyed saying they use flat fees, but far fewer have adopted the riskier and more obviously alternative options, with only 27 percent...
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