Regulation corporations and in-house counsel are gentle years aside on the position of the billable hour, however the two teams nonetheless discover some encouraging widespread floor on pricing fashions.
A brand new survey by iManage and Above the Regulation requested legislation corporations and company legislation departments which preparations would higher drive alignment between the 2 teams.
Personal apply attorneys have been greater than 5 instances as possible as their in-house counterparts to decide on hourly billing, whereas in-house counsel have been greater than twice as possible to decide on value-based or outcome-driven pricing.
Different fashions, nonetheless, had the 2 teams extra aligned.
“Maybe negotiating a blended mannequin that mixes different payment preparations and hourly charges is the place the 2 teams can in the end come collectively,” the report says.
GCs And Law Firm Attorneys: Perfect Together? [On-Demand Webinar]
Good Counsel: Law Firm And In-House Partners Define Their Future Strategy [iManage]
Jeremy Barker is the director of content material advertising and marketing for Breaking Media. Be at liberty to email him with questions or feedback and to connect on LinkedIn.
The submit Stat(s) Of The Week: Meeting In The Middle appeared first on Above the Law.
