Legal Research

"Is Widespread Use of Alternative Fees Still a Long Way Off?"

This post was written by Tom Kane: "According to a feature article in this month's InsideCounsel one consultant who helps clients structure alternative fee arrangements "estimates that only about 2% of total legal billings currently are being done on alternative basis - but he contends it's an increasing trend." That certainly isn't a surprise.

He goes on to say "I'd expect that almost 20% of all billings would be on alternative billing in eight to 10 years..." According to the article, 35% of respondents to Fulbright & Jaworski's Litigation Trends survey said that the down economy has pushed them "to increase their use of alternative fees."

Based on that, I guess I'm just surprised to hear that it's going to take close to a decade for alternative fees to get up to 20% of billings...

Continue reading this interesting post and reach the active link by clicking on the author's name.

Source: Legal Marketing Blog.com, 9 February 2010, reproduced with permission of the author

Full post as published by Stark County Law Library Blawg on February 11, 2010 (boomark / email).