General counsel at America’s largest companies say the pressure is finally on to kill the dreaded billable hour. But has it reached the tipping point? Tamara Loomis reports
Jeffrey Carr is sick of talking about alternative fee arrangements. The general counsel for Houston-based FMC Technologies has been using alternative fee structures – arrangements with outside counsel that are not based on billable hours – for “well over a decade”. But Carr (pictured above) says his efforts over the years to promote these billing models among his counterparts at other companies fell largely on deaf ears.
