Corporate Counsel Q&A: How can I make a fixed fee work for me?
Firms have all sorts of fee arrangements these days, often negotiated on a deal-by-deal basis. There is not a lot of value in negotiating a good hourly rate if you get charged for a huge number of hours, often way over what you would expect. This all begs the question, what does a fixed fee actually mean?
August 21, 2007 at 06:00 AM
1 minute read
Firms have all sorts of fee arrangements these days, often negotiated on a deal-by-deal basis. There is not a lot of value in negotiating a good hourly rate if you get charged for a huge number of hours, often way over what you would expect. This all begs the question, what does a fixed fee actually mean?
Iain Larkins, general counsel, Daimler Chrysler
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