January 28, 2009
The subject that won't die: alternative fees.
And you can't ignore it. Thought leaders like Ron Baker, Pat Lamb, Tom Kane and now law firm leaders won't let the topic go way. See, for example, Kane's "Now Is The Time To Consider Alternative Fees". Because of its flexibility in the hands of client-centric lawyers, WAC? still likes the Billable Hour--even though many (if not most) lawyers abuse it out the wazoo. The problem, as we see it, is not the Timesheet, and it never was. Law is now both a trust-based profession and a business. No single system can make that built-in conflict go away. Only individual client-lawyer relationships can. We support any system that aligns as closely as possible the interests of clients and outside counsel. Hourly billing can do that. Alternative fees--value-based, hybrids, whatever you devise--can do it, too. Hey, we're still listening.
Posted by Holden Oliver (Kitzbühel Desk) at January 28, 2009 08:30 AM
"Thought leader?" Aren't the girl scouts developing a special badge for "thought leaders," based upon the opium poppy resting upon an enlarged penis-like shaft?
Posted by: shg at January 28, 2009 09:54 AM