I have written previously about the challenges that the law industry faces. The Wall Street Journal recently reported on pharmaceutical giant Pfizer’s switch to flat fee invoicing for outside counsel. This turns on its head the basis of the long term billing model of the legal industry, the billable hour.
In this video, Pfizer’s chief counsel Amy Shulman explains Pfizer’s program:
Companies looking to save on legal expenses should also use mediation. Mediation is cost effective and seeks win-win outcomes. For more information on how mediation can help you, please contact me.