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Legal Research

: Out of the Jungle

Sign of the Times?

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Evan R. Chesler, presiding partner at Cravath, Swaine & Moore, believes that "This is the time to get rid of the billable hour," according to an article in today's New York Times. Because of the economic downturn, some budget-conscious clients have persuaded firms to move away from the iconic billable hour in favor of "flat fees for handling transactions and success fees for positive outcomes,

Full post as published by Out of the Jungle on January 30, 2009 (boomark / email).

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