Alternative billing is nothing new -- a number of law firms around the country have been using alternative billing arrangements for a decade or more -- but interest is heating up. The discussion of non-hourly billing options "has grown from a whisper to a roar" in recent months, says attorney Bruce Raymond. Large law firms are starting to use such billing, but smaller firms tend to have a larger percentage of revenue stemming from alternative arrangements, according to a recent Altman Weil survey.
July 08, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Attorney Bruce Raymond knew there was a better way of doing business.
For two decades, he practiced at a Hartford, Conn., law firm of about 100 lawyers where every year the M.O. was similar to thousands of other firms — increase billing rates and billable hours.
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