COVID-19 has already generated changes to the way law firms and legal departments engage with remote working platforms and e-billing and spend management tools. But not even the economic downturn imposed by the virus may be able to take credit for eliminating the billable hour. While attorneys could be relying more on legal tech to help defray costs, transitioning to a new pricing infrastructure in the midst of so much uncertainty could prove to be a bridge too far.

“I think that the last recession moved the needle a little bit on those types of [alternative fee] arrangements, but the billable hour survived and continued strong after that recession, and I would imagine that the same thing would happen here,” said Kimball Parker, president of Wilson Sonsini’s tech subsidiary SixFifty.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]