Perspective
Apr. 21, 2012
In LLP we trust: how to best manage outside counsel
You should continually strive to build a stronger relationship with the firms you regularly use to obtain further concessions that can help your business, regardless of billing arrangement type. By Bryan Sullivan
In the days following the economic downturn of 2008, clients of private practice law firms continue to focus on reducing outside legal costs. Many seek so-called "alternative billing relationships" (blended rates, contingency arrangements, flat fees, and hybrid arrangements using a combination of one or all of these arrangements) - meaning something other than the almighty billable hour. In fact, many law firms are trying to make inroa...
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