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Published on Aug 20, 2012
We think the hourly charging model favoured by most law firms is dead.
In fact we've made a short video highlighting the struggles taking place on a daily basis between general counsel and finance directors trying to manage their budgets and law firms trying to hit their billing targets.
The video, Cometh the hour, takes less than four minutes to watch. We think it will strike a chord as Jane, Financial Director of a FTSE 250 company, attempts to discuss fees with the senior partner of her retained law firm.