A great deal of sense is talked by John Chisholm in this interview.

Charging by time has been a huge money spinner for BigLaw for all of my 30 year career. Clients hate it. It has also prevented law firms from getting creative about their fees, and from getting sophisticated in pricing their work. The model is long overdue for being binned.

NewLaw firms such as Halebury use innovative and flexible pricing models. Halebury has been recognised for its innovation by being shortlisted in the Strategic Resourcing category – FT Innovative Lawyer Awards 2015.