The Chief Legal Officer of a $12.4 billion global company thinks the hourly rate is terrible for the attorney-client relationship. It puts attorneys and clients at odds, does not promote professionalism, and ignores outcomes. An insurance defense attorney thinks hourly billing – and the inevitable audits and appeals – wastes everyone’s time. A long-time alternative fee expert believes it’s time to take value-based, trust-based arrangements to the whole legal industry – for the good of the profession and client companies alike. Read on and see what they had to say.
Article published in the LexisNexis Corporate Law Advisory.