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Law Dept 101: How to Pay Your Outside Counsel

March 2016

In an article published by InsideCounsel on March 18, 2016, Gregg M. Jacobson provides insight on the different ways you can pay newly hired outside counsel, and the tax advantages or disadvantages for each method. He discusses paying an attorney on an hourly basis, paying a flat fee, paying with the contingency method and paying an attorney in stock. Jacobson explains why paying your lawyers on an hourly basis is the most transparent and easiest way to track what your lawyer is doing every hour. For the full article, you may click here