Not every firm currently is well placed to use alternative fee arrangements to drive profitability, one market watcher ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

January 25, 2024 - In a highly competitive legal services market, law firms can no longer count on simply providing excellent legal service. They also need to make sure they get billing right. That's ...

Why Do Attorneys Bill in Increments? Billing in increments is standard practice for practical reasons. Billing by the minute or just a few minutes is difficult to track and time-consuming, not to ...

Sagging productivity within Big Law and declining realization have combined to put a damper on law firm profitability growth, and even the high pace of billing rate growth hasn't been able to remedy ...

The term “billable hour,” a unit of time used in the legal industry, is common in popular culture but can be misunderstood. What goes into a billable hour is more than 60 minutes of time, and ...