Lawyers have been moving away from “I’m billing you for this” for almost a decade now. “Most firms of any size today are accustomed to using fee structures that are not controlled by billable hours,” according to the Georgetown Law’s 2016 ” Report on the State of the Legal Market. ” A trend since the Great Recession, law firms have made the transition to negotiated pricing models.
Clients and law firms now enter into an agreement and determine a budget up front. Legal workers are now responsible for more precise time management as they no longer have the ability to send unrestricted invoices.
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