Lately, some columnists, commentators and bloggers have been writing about the need for lawyers to embrace “alternative billing” as an antidote to the tyranny of the billable hour. From what I read, it has gained some traction in the field of corporate work, wherein large legal departments have entered into creative arrangements with their outside counsel designed to control spending in exchange for guaranteed payments.
Another area where this is being explored is in divorce and family law. In cases involving very high net-worth individuals, lawyers have been seeking compensation arrangements uncoupled from hourly billing. This is very much a work in progress, and early results have not been promising.
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