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Legal Commentary

: LawPundit

Alternative Billing Arrangements for Law Firms in the Current Economic Downturn : Attacking the Billable Hour

By Andis Kaulins

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In their Wall Street Journal article, 'Billable Hour' Under Attack: In Recession, Companies Push Law Firms for Flat-Fee Contracts, Nathan Koppel and Ashby Jones write that: "With the recession crimping legal budgets, some big companies are fighting back against law firms' longstanding practice of billing them by the hour."

Gary Levine at his blog Capitalization Matters addresses alternative billing arrangements for law firms, citing to that WSJ article and writing that "the evidence shows that there is a real shift taking place?and it may not be as temporary as the current economic downturn."
Read the rest here.


Full post as published by LawPundit on September 04, 2009 (boomark / email).

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