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Adapt Or Die: Law Firms In Tomorrow's Economy — Part 2

Law360, New York (October 31, 2016, 1:50 PM EDT) -- In part 1 of this series, we discussed the history of the adversarial relationship between corporate clients and their outside law firms and how new roles such as chief technology officer are changing the power dynamic in some corporations. Here we take a look at the fate of the billable hour.

Overhead-Based Billing and Corporate Demand for Value

For years legal pundits have crowed about the death of the billable hour. I mean, for years and years they’ve predicted its demise. And despite the fact that many more corporate clients are demanding deviations from that time-honored measure of cost; and the fact that...

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