ARTICLE
15 April 2013

Is Time Up For The Hourly Rate? Client Attitudes To Billing Arrangements In Commercial Disputes

F
Fieldfisher

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Fieldfisher is a European law firm known for its market-leading practices in technology, financial services, energy, and life sciences. With a focus on client collaboration, innovation, and social responsibility, the firm integrates cutting-edge legal technologies and provides tailored solutions. Fieldfisher’s global presence spans Europe, the US, China, and international partner firms, allowing seamless cross-border services. Recognized for excellence, Fieldfisher holds high rankings in dispute resolution, M&A, and IP, and has a strong commitment to environmental, social, and governance (ESG) leadership. The firm operates with over 1,800 professionals across 23 offices in 12 countries.

Our independently-conducted research reveals growing interest across Europe in finding new ways to pay for legal advice in high-value disputes.
United Kingdom Litigation, Mediation & Arbitration
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Introduction

Our independently-conducted research reveals growing interest across Europe in finding new ways to pay for legal advice in high-value disputes. In particular, it showed a widespread desire to move away from the familiar hourly rate model.

Companies are looking to law firms to provide budget certainty before a case starts; and senior executives and their legal teams increasingly feel it is fair that law firms share in the litigation risk. Alternative fee arrangements in disputes are being expected by more and more companies.

We interviewed 80 large companies across six countries in Europe on how they procure expert legal services and what they might like to change. The focus was on contentious work. The results offer fascinating insights, and reveal trends and disagreements across the region.

To read the full survey please download our PDF here >

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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