In-house counsel are increasingly using alternative fee arrangements for high-volume and predictable matters such as labor and employment and finance, loans and investments, according to LexisNexis CounselLink’s 2020 Enterprise Legal Management Trends Report.
According to the report published Tuesday, approximately 32% of finance, loan and investment matters in 2019 included some kind of alternative fee arrangement and approximately 25% of labor and employment matters involved an alternative fee arrangement. In 2018, approximately 28% of finance, loan and investment matters included an alternative fee arrangement and just under 25% of labor and employment matters included an alternative fee arrangement.
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