The Bell Is Tolling for the Billable Hour: 'Change Is Here to Stay'
-ACC survey of 587 general counsel and chief legal officers finds that 39 percent paid law firms more money this year under alternative fee arrangements than they did in 2008—and the trend is only expected to grow.
By Amy Miller|November 30, 2009
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Companies are successfully pushing their outside counsel to abandon the billable hour, a new survey indicates.
In the Goulston & Storrs 2017 General Counsel Survey, fifteen percent of GCs or in-house counsel say they have the most difficulty identifying exposures, and this emerging risk is reshaping their role.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters.
Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss.
Tailored just for you. In your inbox. Every day.