Credit: Nuthawut/Adobe Stock Will the Economic Crunch Give Alternative Fee Arrangements a Needed Nudge?
Maybe, just maybe, this interest rate-driven crunch will be the nudge that finally gives clients and firms the incentive to increase the adoption of alternative fee arrangements.
December 05, 2023 at 07:30 AM
4 minute read
The legal industry has been cruising along a bit better than expected this year boosted by an uptick in billing rates and the performance of some countercyclical practices. But as my colleague Andrew Maloney reports, a new survey of law firm leaders by the consultants at Withum Smith+Brown shows that some firms and their clients are "less bullish" headed into 2024 than they were coming into this year. Here's Andrew's summary of the survey released last month:
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