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Firms report using alternatives to billable hour
Billable hours aren't the only game in town anymore
The percentages given below denote the estimated portions of the firms' revenues obtained through each of these two categories. The percentages are followed by the billing methods that the firms reported using within the two categories. The number given after each firm's name indicates its total number of attorneys. The firms provided the information in response to The National Law Journal's 2007 law firm survey.Ineligible Pro Hac Vice Attorneys, In-House Counsel and Multijurisdictional Practitioners
Notice to the bar.Alternatives to the Billable Hour
As part of the annual survey by The National Law Journal, law firms provided information about the alternative billing methods that they use most often. Read on for a sampling of the responses.Variations on, and alternatives to, billable hours
Below is a sampling of firms that provided information about the alternative billing methods they use most often. We asked firms to differentiate between variations on the billable hour (discounted and blended hourly rates) and true alternatives to the billable hour. The percentages denote estimated portions of the firms' revenues obtained through each of these two categories. They are followed by the billing methods that the firms use within those categories. The number after a firm's name indicates its toMilberg Weiss Drops Suit Amidst Controversy
Accused of misleading a judge and facing a motion for sanctions, Milberg Weiss Bershad Hynes & Lerach recently withdrew a shareholders' derivative action it filed against an industrial wheel and tire maker. But the giant New York-based securities class action firm, known for its take-no-prisoners litigation style, didn't merely discontinue the case, it also promised never to sue Titan International again.Monsanto's $1 billion patent verdict raises eyebrows
Lawyers from Winston & Strawn and Husch Blackwell delivered a $1 billion patent verdict for Monsanto Co. against rival DuPont, in a case that raised eyebrows among the intellectual property bar.Four Firms Grab Roles on Pair of Health Care Deals Totaling $1.4 Billion
The health care industry continued its recent run as a hub of transactional work Monday, as leading U.S. insurer WellPoint turned to Linklaters for counsel on its roughly $900 million purchase of contact lens retailer 1-800 Contacts from private equity firm Fenway Partners, while Universal Health Services tapped Cravath to advise on its $517 million acquisition of Ascend Health.Trending Stories
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
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