The legal marketplace is changing. Attorneys of past decades who litigated with a heavy-footed infantry approach of multiple in-court appearances, travel for client conferences, depositions, distant meetings and other hour crunchers are now less accepted by clients as necessary to litigation success.
Lawyers, aside from personal injury attorneys on contingent fees, have traditionally billed by the hour. What could be more equitable? The stated fee multiplied by hours required (as determined by the law firm) seems the most reasonable valuation approach for professional services.
