Law Practice
Jul. 17, 2012
Billable hour still strong at law firms
A new study by LexisNexis finds that, contrary to talk of the billable hour dying, the billable hour remains strong and alternate fee agreements are being implemented at slower paces than many had predicted.
Daily Journal Staff Writer
Despite talk of the law firm billable hour model dying and alternative fee arrangements being the new norm, billable hour work is dominant at firms and the industry is not adapting to their alternatives as quickly as some had predicted, according to a recent report sponsored by LexisNexis and conducted by business intelligence database ALM Legal Intelligence.
The July 10 report found that only 6 pe...
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