For Large Firms, Alternative Billing Makes Inroads

When Eli Lilly & Co. settled a whistleblower suit in January for $1.42 billion over allegations it improperly marketed an anti-psychotic drug, Duane Morris was in the unusual spot of representing the plaintiffs along with personal injury firm Sheller P.C. While the clients may have been atypical for a large defense firm, Duane Morris has had plenty of experience working on contingency fee-based matters. For at least the last decade, the firm has focused about 4 to 5 percent of its billable time on contingency fee or other matters with alternative billing structures. And throughout that time it has cultivated a process for assessing risk and potential rewards.

For Large Firms, Alternative Billing Makes Inroads law.com Mon, May 25, 2009