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Written by LexShares Team | Oct 10, 2017 10:20:54 AM | 0 Comments

Looking Beyond the Almighty Billable Hour: Alternative Fee Arrangements

As mindful of precedent as attorneys and the legal profession must be, change does not often come easily. For many, billing clients by the hour has become as much a staple of the practice of law as depositions and tassel loafers, such that generations of attorneys have been conditioned to measure productivity—both their own and a firm's as a whole—in the six-minute metrics of billable hours. As time marches on, however, so do clients' expectations, especially when it comes to industries that offer services rather than tangible products.

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Topics: Financing Lawsuits, Litigation Funding, Legal System, AFA, Alternative Fee Arrangements, Billable Hours