How Pharma Giant GSK Got Tough on Fixed Fees
As Microsoft pushes to move nearly all its outside legal work away from the billable hour, GlaxoSmithKline puts its own alternative fee formula on display.
August 11, 2017 at 12:42 AM
8 minute read
The original version of this story was published on The American Lawyer
I've been having a lot of conversations lately about alternative fee arrangements (AFAs).
In a earlier column, I wrote that the death of the billable hour has been one of the most consistently overhyped nonevents in the history of Big Law. Indeed, despite the move to AFAs having been heralded for decades, the majority of high-value mandates are still handled on-the-clock.
Part of the problem seems to be that clients and law firms can't decide who should be actually driving this reform.
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