The Hourly Rate is Dead - Long Live the Hourly Rate

I always wondered what the phrase, "The King is dead. Long live the King" means. If the King is dead, why are the next words, "long live?" According to Wikipedia, the phrase is a traditional proclamation made following the accession of a new monarch. I am reminded of this phrase every time I read about the death of the hourly rate and presumably the "accession" of the alternative fee arrangement (AFA). Well, to paraphrase Mark Twain, "the reports of the death of the hourly rate have been greatly exaggerated."

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Categories: Practice Management
I am the general counsel for a high tech company in the Twin Cities. I’ve learned that in order to be successful as an in-house attorney, it takes more than simply doing quality legal work. Oftentimes, my biggest challenges are managing the rel…" Read the rest
– General Counsel, Minneapolis, MN corporation

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