Corporate & Securities Law

I assumed $750/hr was incentive enough

By John Wallbillich

From the WSJ’s article earlier this week with the Hollywood-esque headline, “The Billable Hour Under Attack”:

Saul Ewing in Philadelphia recently investigated a client’s potential corporate acquisition under a six-week flat-fee engagement. The matter was handled about 10% more cheaply for the client than it would have been under a billable-hour deal, said Mr. Antzis, the managing partner. He said “it was still fair to the firm” because “we were incentivized to get done in 10 hours what another lawyer at another firm may have spent 12 hours doing.”

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(Ed: A different slant for the next few Fridays: something that caught my eye and speaks for itself.)

Full post as published by The Wired GC on August 28, 2009 (boomark / email).