The majority of law firm partners favour the traditional hourly rate model as a more accurate way of billing, despite a continued push from clients to use fixed fees and other alternative billing methods, according to Legal Week research. The results of the latest Big Question survey show that while 63% of respondents find it 'quite easy' or 'very easy' to place an accurate value on work delivered when using hourly billing, 80% described such valuations as either 'quite hard' or 'very hard' when using fixed fees.
July 18, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Almost 40% of partners believe bill padding remains a problem at law firms. Elizabeth Broomhall reports
The majority of law firm partners favour the traditional hourly rate model as a more accurate way of billing, despite a continued push from clients to use fixed fees and other alternative billing methods, according to Legal Week research.
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