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Data from LexisNexis' CounselLink e-billing platform shows that 12.2% of recent matters included a nonhourly component, compared with 9.2% in 2017.
September 23, 2019 at 09:00 AM
1 minute read
The original version of this story was published on The American Lawyer
Clients are increasing their use of alternative financial arrangements, according to new data collected from LexisNexis’ e-billing platform CounselLink.
The company’s 2019 Enterprise Legal Management Trends Report, released Monday, looked at data aggregated from 7 million invoices and approximately 1.7 million matters. While in 2017, 9.2% of matters included a nonhourly billing component, that number rose to 12.2% in the latest period.
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