Law Department Operations: What Comes Next in the Evolution of ‘For Services Rendered’?

Law department business and technology leaders come together with in-house counsel to discuss shifts in how law firms offer and deliver services.

, Legaltech News

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Believed to have had its conception in 1914, the billable hour became prevalent among attorneys by the 1950s. General counsel, on the other hand, became prominent in multinational corporations during the 1980s. For complex legal work, the GC would hire a law firm and the law firm would bill for its services at the conclusion of the matter. And for a while, that is the way it went.

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What's being said

  • OhioLawyer

    Not at all certain of a "shakeup". This "AFA" episode is at least the second time in 20 years house counsel have been advised that the in-house bar is now living in an era of alternative fee arrangements. Perhaps large law firms are assessing their cost data for these purposes, but I doubt that middle-sized and small law firms are doing it, for reasons of lack of time/ability to do so or otherwise. The revolution, moreover, if it happens at all, is not likely to occur until the generation of GCs who came of age in the ‘80s retires, and more data-centric in-house legal leaders take over.

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