Why General Counsel Won't Dump The Billable Hour

Law360 (March 22, 2019, 3:33 PM EDT) -- While many general counsel say they are open to experimenting with alternative fee arrangements, they simultaneously admit the standard practice of hourly billing won't go away anytime soon, largely because it's often the most feasible and there isn't a different universal option.

Typically an alternative fee arrangement, or AFA, refers to any method other than the straight billable hour to pay for outside counsel to work on a matter. Experts say the dominant AFA is a fixed or flat fee, but there is a diverse assortment of other methods — contingency, fee cap, success bonus — that in-house counsel can explore....

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