Alternative Billing Not Just Recession Fad: Experts

Law360, New York (September 10, 2009, 6:05 PM EDT) -- While alternative fee arrangements surged in the midst of the economic crisis, legal experts say they will remain long after the economy bounces back as both law firms and clients begin to rethink the traditional billable hour.

Though much ink has been spilled about alternative billing arrangements, questions linger as to whether law firms' current willingness to restructure their fees is just a fleeting reaction to the current economy or a long-term solution.

Some firms may consider it a passing fancy, but most are taking the...
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