The Wall Street Journal recently reported that “[l]eading attorneys in the U.S. are asking as much as $1,250 an hour, significantly more than in previous years, taking advantage of big clients’ willingness to pay top dollar for certain types of services.”  Perhaps, however, the more interesting note in this article was the reported growing number of attorneys who “are using other arrangements in place of hourly billing.”

To those attorneys who are finally getting around to linking attorneys’ fees to results obtained in some matters we say, “It’s about time.  We didn’t realize that we were starting a trend – we just thought we were doing right by our clients.”