Law firm news by topic » Billing

Outsourcing industry growing at 20-30 % per year

Dec 22, 2010 Legal outsourcing can still be described as small. Of the $180 billion that Americans spend annually on legal services, only about $1 billion goes to outsourcers. But change is afoot, and clients are driving a shift…

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Billing rates at US firms up by less than 3%

Dec 9, 2010 The tough economic environment has chilled fees, with average law firm billing rates increasing by a mere 2.7 percent in 2010. This is the second consecutive year that billing rates increased by less than 3 percent,…

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Clients crave predictable legal costs

Oct 22, 2010 Under difficult economic conditions an old conflict between traditional law firms and corporations has intensified, as demonstrated by a survey conducted by BTI Consulting Group, which reported that executives at 87% of…

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Billable hour in decline, says US survey

Oct 12, 2010 A new survey confirms that the billable hour is losing ground to alternative billing arrangements, with firms increasingly offering fixed, capped or discounted fees to clients. The Law Department Metrics Benchmarking…

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The billable hour isn't going anywhere soon

Aug 30, 2010 The billable hour is seen as rewarding inefficiency, putting intense and unhealthy pressure on associates and undermining the culture of law firms and the profession. When the economic climate gets tough, law firms make…

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