Published in Life Sciences Leader, December 2009 ghost written for Chris Porter
According to a recent article in the Wall Street Journal, the legal profession is undergoing a significant change. Many corporate clients are asking their counsel to restructure their billing practices from an hourly to a fixed-price model. Law firms that would have found this notion unthinkable years ago are now complying. Why is this relevant to CROs? Because the same economic pressures that have been forcing law firms to alter their billing practices are bearing down on CROs as well.