"The firms are starting to realize that this is where things are going and they're getting much better at matter management internally," Ken Callander, managing partner at Value Strategies LLC, said.
June 14, 2021 at 05:00 AM
4 minute read
An increasing number of in-house counsel are pressuring their firms to move away from the billable hour and implement alternative fee arrangements. Negotiating individual matters is likely going to give in-house counsel the best market rate for an alternative fee arrangement.
Additionally, offering firms success fees for good results in a matter can align the values of both in-house counsel and law firms.
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