Okay, We Swallowed the Kool-Aid and We Are Using Alternative fee Arrangements, But Do We Still Need to Keep Track of Time?

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As alternative fee arrangements continue to snowball and gain real popularity, as law firms get their arms around the subject, they are getting down to a fundamental series of basics. One question that has come up, rather surprisingly, is whether once you adopt alternative fee arrangements and accept the fact that hourly billing is dead, is there any need or purpose served in having lawyers continue to bill time expended. The answer is a resounding "absolutely." Lawyer time keeping, that tedious and irksome task, serves many purposes, even in the brave new world of AFA's. In fact, the very question suggests an absence of a full understanding of the scope of AFA's.

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