Legislation companies and in-house counsel are gentle years aside on the function 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 Legislation requested regulation companies and company regulation departments which preparations would higher drive alignment between the 2 teams.
Non-public apply legal professionals had been greater than 5 occasions as doubtless as their in-house counterparts to decide on hourly billing, whereas in-house counsel had been greater than twice as doubtless 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 various charge preparations and hourly charges is the place the 2 teams can finally come collectively,” the report says.
GCs And Legislation Agency Attorneys: Good Collectively? [On-Demand Webinar]
Good Counsel: Legislation Agency And In-Home Companions Outline Their Future Technique [iManage]
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