Attorney Fees

How GCs are Cutting Costs—and Possibly Law Firm Profits

By Debra Cassens Weiss

Aug 24, 2009, 07:03 am CST

The general counsel of several large companies are requiring more of their law firms to use flat fees instead of charging by the hour.

The result: Companies are saving money and law firms are likely feeling the earnings squeeze, the Wall Street Journal (sub. req.) reports.