Innovating Alternative Fee Arrangements

Published on 2023-12-04 byDennis Kennedy

We’ve reached the season for outside counsel firms to announce starting salary increases, associate bonuses, and expectations of record profits per partner – and big jumps in hourly billing rates, of course. There might be news stories of inflation trending down in the rest of the economy, but not here. Reports of the death of the billable have, once again, been greatly exaggerated. How can you innovate the approach to outside counsel fees?

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Dennis Kennedy

Dennis Kennedy

Director, Center for Law, Technology & Innovation Michigan State University College of Law

Dennis Kennedy is the Director of the Michigan State University Center for Law, Technology & Innovation, the author of the book, Successful Innovation Outcomes in Law, and the founder of the Law Department Innovation Library. He writes and speaks frequently on legal innovation and technology topics. He has co-hosted The Kennedy-Mighell Report podcast on legal technology with Tom Mighell since 2006. 

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