Despite Stagnant Economy, Movement Toward Alternative Fees Still at a Crawl

, The Am Law Daily

   |2 Comments

A new report from Am Law Daily affiliate ALM Legal Intelligence shows the billable hour continuing to dominate the legal industry.

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What's being said

  • Steve French

    I would think that this news would not be surprising to those of us who see law firm invoices everyday. Until the organizational structure of the average law firm moves away from partnership with capital distributions annually, to a structure governed by manged profit margin and the building of firm value (Stock Value) the hourly bill will continue to dominate the landscape.

  • Lulaine

    This is the way of the future the more law firms fight this, the harder it will be to get ahead of the ball. The industry is transforming for example had music labels worked with innovation instead of fighting it, they would have been in a much better negotiating position than they are now. The same can happen to the legal industry. http://www.legalfunding.com/

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