Interest in Alternative Billing Arrangements Heats Up

Alternative billing is nothing new -- a number of law firms around the country have been using alternative billing arrangements for a decade or more -- but interest is heating up. The discussion of non-hourly billing options "has grown from a whisper to a roar" in recent months, says attorney Bruce Raymond. Large law firms are starting to use such billing, but smaller firms tend to have a larger percentage of revenue stemming from alternative arrangements, according to a recent Altman Weil survey.