Charging into the future - alternative billing is in the hands of in-house counsel
It is an oversimplification to suggest, as many lawyers now do, that the economic downturn has brought an irreversible and fundamental change to the delivery of legal services. I largely agree with those who claim that the genie cannot be put back into the bottle. But so far, the genie is only halfway out. What we have seen - and many clients find this promising - is that when pushed law firms can work under more competitive and imaginative fee arrangements and can even source more routine work in different ways.
The future of alternative billing is ultimately in the hands of in-house counsel. Richard Susskind urges them to strike a new path
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