Quote of the Day: The Way of the Future
A Biglaw partner says the billable hour's halcyon days may be numbered...
There are firms that won’t do it at all, and God bless them if they can get away with that in this environment. Any law firm leader today who thinks they can do 100 percent of work on billable hours forever into the future is not going to have a law firm for very long.
— Robert Lipstein, a partner at Crowell & Moring, explaining the shift toward alternative fee arrangements within the legal industry.
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