Study: Alternative Fee Arrangements on the Decline

When the slowing economy forced companies to curb legal spending in recent years, alternative fee arrangements were touted as a solution, but the billing trend has been slow to take hold in Nashville, and a new survey of in-house counsel shows that alternative fees are trending downward nationwide. A study by the Houston-based law firm Fulbright & Jaworski, found a 10 percent drop in companies using alternative fee arrangements and a 13 percent drop in firms planning to use alternative structuring in the coming year. The Nashville Business Journal reports on the study.