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The Chicago Tribune recently posted an interesting article addressing what has become a fairly hot topics these days, the law firm billable hour. It cites moves by clients such as Kraft, who solicited bids for its body of legal work, and Microsoft, where 45% of its future spending on legal services will be based on "alternative billing arrangements." The article suggest that in the next few years fully 25% of all corporate legal work could be based on some alternative billing arrangement.
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