This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Perspective

Oct. 20, 2009

Wannabes, Pretenders and the Real Deal

Patrick Lamb, Patrick McKenna, Jeffrey Carr and Edwin Reeser present another approach to initiating alternative fee arrangements.

FIRM MANAGEMENT

By Patrick Lamb, Patrick McKenna, Jeffrey Carr and Edwin Reeser

The problems associated with the hourly billing model have been placed under an increasingly harsh light as economic conditions deteriorated during this business cycle. Predictably, the hourly billing model began to wither. Its saving grace has been the three dimensional intersection of inertia, general risk aversion and a "devil you know" mentality. But the budget restrai...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up