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As clients push for greater predictability of their legal fees, many law firms are open to using alternatives to the billable hour, such as flat fees, fee caps, hybrid contingency fees and equity-based fees. Some firms view the alternative structures as a way to strengthen client relationships and gain a competitive advantage. But just how well this move toward non-hourly billing will sit with small firms remains to be seen.
March 07, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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