Economic pressures on businesses have led to greater scrutiny of legal bills as well as requests for alternatives to the billable hour. Firms of every size are being asked for flexible billing options, but midsize and small firms may be in a better position to accommodate them. While alternative billing is nothing new -- one consultant pointed to the Dupont Legal Model introduced in 1992, which focuses on strategic partnerships, early case assessment and alternative billing -- it's becoming more prevalent.
February 26, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Economic pressures on businesses have led to greater scrutiny of legal bills and, in many cases, requests for alternatives to the legal institutional standard: the billable hour.
Firms of every size and concentration are being asked for more flexible billing options, though midsized and smaller firms may be in a better position to accommodate them, according to legal industry experts.
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