In 2009, the recession was forcing corporate law departments to cut their budgets wherever they could, and outside legal spending was the biggest target. But some in-house lawyers said they weren’t just trying to get steeper discounts from their law firms — they wanted a fundamental change in the way they were charged.
They were fed up with invoices based on the billable hour and were pushing firms to switch to alternative fee arrangements. Surprisingly, outside lawyers said that they were OK with this, and were doing what they could to meet the demand.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]