Wednesday, January 14, 2009
Are we moving to a flat-fee system?
Our latest survey results correspond to the latest trends concerning the way we lawyers charge our clients. Forty-six percent of those surveyed bill clients in ways other than the billable hour. Other lawyers who charge some flat, contingent or success fees comprise another 5% of those surveyed. But hourly billables are not dead for our survey-takes. Thirty-four percent of those surveyed are still charging an hourly billable rate 100% of the time.