How Can We Move from Hourly Rates to Fixed Fees? The Law Firm Perspective

From : Blog Entry >>Brian's Blog Entry
Please enjoy this blog posted on behalf of the author, Eduardo Flores, Partner, White & Case LLP (Mexico Office). The hourly rate is one of the pillars upon which modern law firms are built. It has served as the primary unit to measure productivity and budgeting legal work. In a way, the main inventory of law firms are lawyer’s hours, and the value of such inventory is measured by the hourly rate. While the use of the hourly rate has been a years-long tradition, we live a new era where [More]