Regulation corporations and in-house counsel are mild years aside on the function of the billable hour, however the two teams nonetheless discover some encouraging frequent floor on pricing fashions.
A brand new survey by iManage and Above the Regulation requested legislation corporations and company legislation departments which preparations would higher drive alignment between the 2 teams.
Personal observe legal professionals have been greater than 5 occasions as doubtless as their in-house counterparts to decide on hourly billing, whereas in-house counsel have been greater than twice as doubtless to decide on value-based or outcome-driven pricing.
Different fashions, nevertheless, had the 2 teams extra aligned.
“Maybe negotiating a blended mannequin that mixes different price preparations and hourly charges is the place the 2 teams can in the end come collectively,” the report says.
GCs And Regulation Agency Attorneys: Excellent Collectively? [On-Demand Webinar]
Good Counsel: Regulation Agency And In-Home Companions Outline Their Future Technique [iManage]
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