Law
firms
and
in-house
counsel
are
light
years
apart
on
the
role
of
the
billable
hour,
but
the
two
groups
still
find
some
encouraging
common
ground
on
pricing
models.
A
new
survey
by
iManage
and
Above
the
Law
asked
law
firms
and
corporate
law
departments
which
arrangements
would
better
drive
alignment
between
the
two
groups.
Private
practice
lawyers
were
more
than
five
times
as
likely
as
their
in-house
counterparts
to
choose
hourly
billing,
while
in-house
counsel
were
more
than
twice
as
likely
to
choose
value-based
or
outcome-driven
pricing.
Other
models,
however,
had
the
two
groups
more
aligned.
“Perhaps
negotiating
a
blended
model
that
combines
alternative
fee
arrangements
and
hourly
rates
is
where
the
two
groups
can
ultimately
come
together,”
the
report
says.
GCs
And
Law
Firm
Attorneys:
Perfect
Together?
[On-Demand
Webinar]
Good
Counsel:
Law
Firm
And
In-House
Partners
Define
Their
Future
Strategy
[iManage]
Jeremy
Barker
is
the
director
of
content
marketing
for
Breaking
Media.
Feel
free
to email
him with
questions
or
comments
and
to connect
on
LinkedIn.