Is Change Now Unstoppable for Law Firm Billing?
New billing models are about to sweep the industry, according to one law firm leader who says alternative fees helped catapult his firm onto The Am Law 200 just 14 years after he founded it.
August 16, 2017 at 02:55 PM
2 minute read
It took less than 15 years after Steven Kobre founded Kobre & Kim for the New York-based firm to break into The Am Law 200.
Within another five years, Kobre said, the rest of the country's top grossing firms will have learned a lesson his own firm picked up early on: It pays to embrace alternatives to the billable hour.
“Five years from now everybody is going to be doing it,” Kobre said of law firms inking nontraditional billing deals with clients.
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