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Home / News / Value billing arrangements depend on lawyers and clients agreeing ‘We’re in this together’ (access required)

Value billing arrangements depend on lawyers and clients agreeing ‘We’re in this together’ (access required)

The much-maligned billable hour is back under scrutiny. As attorneys continue to bounce back from the blows dealt by the recession, a client-driven fee structure known as value billing is beginning to gain traction across the country. It was a "standing room only" topic of discussion among lawyers at the American Bar Association's meeting earlier this month in Atlanta, according to ABA President Stephen Zack (pictured). "When I started practicing law 40 years ago, you sent out a bill for services rendered, and then all of a sudden we got into the Holy Grail of the hourly bill, which was never intended to be the perfect solution to all issues," Zack told Lawyers Weekly.

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