Is the Netflix model the next big thing in law firm billing?

Description

Abstract: More law firms are beginning to reconsider their billing practices, whether in response to client demands, stagnant revenues or other factors. Although alternative fee arrangements such as flat fees, contingent fees and blended rates have topped the list of options for some time, a new approach slowly is gaining ground — subscription-based legal services. This article examines the case for subscriptions and some steps firms can take to implement this kind of billing.