Is Change Now Unstoppable for Law Firm Billing?
New billing models are about to sweep the industry, according to one law firm leader who says alternative fees helped catapult his firm onto The Am Law 200 just 14 years after he founded it.
August 16, 2017 at 02:55 PM
2 minute read
It took less than 15 years after Steven Kobre founded Kobre & Kim for the New York-based firm to break into The Am Law 200.
Within another five years, Kobre said, the rest of the country's top grossing firms will have learned a lesson his own firm picked up early on: It pays to embrace alternatives to the billable hour.
“Five years from now everybody is going to be doing it,” Kobre said of law firms inking nontraditional billing deals with clients.
This content has been archived.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
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250