Alternative Fees On Rise, But Billable Hour Still King

Law360, New York (October 14, 2009, 10:59 PM EDT) -- More companies are turning to alternative billing options amid recession, but the traditional billable hour is far from dead, according to Fulbright & Jaworski LLP's 2009 Litigation Trends Survey.

The survey, released Thursday, asked in-house counsel at hundreds of companies in the U.S. and the U.K. to discuss litigation trends and concerns. This year's data showed that 45 percent of respondents used some form of alternative billing, such as blended-rate, fixed-rate or performance-based fee structures.

The report indicated, however, that more than half of all respondents...
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