Fellow Alpha know-it-alls: Get Lamb’s book on Value Pricing.

And read it. “Alternative Fee Arrangements: Value Fees and the Changing Legal Market”. See here and here. At this blog we still embrace the billable hour as the main event–but we do abhor “contempt prior to investigation”. And we have been wrong about many things. So buy Pat’s book especially if, like us, you are skeptical or largely ignorant about how it all works.