Dozens of in-house lawyers and outside counsel gathered at the Harvard Club of New York City to talk about the challenges and rewards of alternative billing arrangements this week. It all comes down to measuring performance, according to FMC Technologies' Jeffrey Carr, who said that "meaningful feedback comes in the form of cash." Still, not everyone was convinced that alternative fees really are a panacea for cutting legal costs.
December 04, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Call it a perfect storm for the billable hour.
After seeing years of skyrocketing legal fees, the legal marketplace has been hit hard by the faltering economy and shrinking in-house legal budgets, turning both general counsel and outside counsel into advocates for change.
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