Time-based billing is still the preferred method for corporate legal spending, according to a recent survey completed by Mallesons Stephen Jaques.
According to the survey, which included 374 respondents of which 44 percent were generl counsel, 50 percent of respondents said fees billed at an hourly rate make up over 90 percent of their total legal spend.
Read full article: Billabe hour reigns in-house Cited: 28 August 2011 by Lawyers Weekly
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