Don Liu Quoted in WSJ Blog on Alternative Billing Arrangements

While the billable hour is not quite going the way of Tyrannosaurus Rex, alternative billing arrangements are on the ascendancy, according to the WSJ Blog.  Xerox GC and AABANY Advisory Committee member Don Liu says: “For us, it’s no longer a necessity just because of the recession. It’s now part of the normal process[.]”

Any thoughts out there on the fall of the billable hour/rise of alternative billing?  Or have we all heard this before?