By Rebecca U. Cho
Daily Journal Staff Writer In a move that highlights the heavy pressure on law firms to break from the billable hour, several major U.S. firms have announced their intent to push client billing in the direction of fixed fees. Los Angeles-origin O'Melveny & Myers stated its desire to become "the leader" in providing legal services on a fixed fee basis in a memo outlining the firm's five-year business plan, according to Abovethelaw...
Daily Journal Staff Writer In a move that highlights the heavy pressure on law firms to break from the billable hour, several major U.S. firms have announced their intent to push client billing in the direction of fixed fees. Los Angeles-origin O'Melveny & Myers stated its desire to become "the leader" in providing legal services on a fixed fee basis in a memo outlining the firm's five-year business plan, according to Abovethelaw...
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