Are Big Firms Warming Up to Alternative Fee Deals? The Recorder

With hourly rates continuing to skyrocket at big firms, clients are pushing alternative fees as a way to control costs -- and law firms say they are listening. While the billable hour is still the most common calculation, fixed fees for larger work volumes or success-based arrangements are getting more attention, firms say. Yet one industry insider says alternative fees are like teenage sex. "There are more people talking about it than doing it, and those that are doing it don't know what they're doing."

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