The Georgetown Law Center / Peer Monitor's 2017 Report on the State of the Legal Market reported, «the Death of Traditional Billable Hour Pricing» over the decade following the 2008 Great Recession. (controllingcorporatelegalcosts.com)
Tying this back into the evolving billing model that is emerging in the legal sector, this may mean sacrificing a bit on the traditional billable hour model in order to make sure the client is happy with the cost of your services, as well as the quality. (lawyer-monthly.com)
This includes prepaid legal services plans and lawyers offering legal help using a subscription model or flat fees rather than the traditional billable hour approach. (evolvelawnow.com)