Sentences with phrase «alternative fees»

The use of alternative fee arrangements in class actions continues to rise.

The use of alternative fee arrangements by lawyers and the demand for those arrangements by clients is increasing.

His point is that they have to come up with alternative fee structures that do a better job of matching price to value.

Second, the number of companies using alternative fee arrangements for more than 20 % of their outside legal spend continues to grow.

Another priority is developing a cost - and - margin analysis model that would allow the firm to do a better job of coming up with proposals for alternative fee arrangements.

If it seems like everywhere you go these days someone is talking about alternative fee arrangements, you're not alone.

And his recommendations for success in alternative fee arrangements — both to firms and to clients — are especially valuable.

As in - house counsel continue to experiment with alternative fee arrangements, there has been a shift toward looking more at overall value — whatever fee arrangement is ultimately used.

We are result oriented and very creative when we collaborate with the client on alternative fee agreements that estimate the cost of legal services.

Our new recurring billing feature is perfect for attorneys offering alternative fee arrangements.

Matters are increasingly moving away from the traditional billable hour to various types of alternative fee agreements.

Any new solo has to determine whether to go with the billable hour, a flat fee arrangement, or other alternative fee structures.

Current topics include everything from alternative fee arrangements to e-discovery to virtual law firms.

Our project management system is a key component of our commitment to serving clients through alternative fee arrangements.

The organization argues that rapid technological changes, alternative fee models and increasing scrutiny from clients are putting pressure on attorneys to prove their worth.

It helps in negotiating alternative fee structures, and in and of itself such transparency leads to better and open communication with clients.

To accurately assess the risks and rewards requires a significant number of cases — the law of large numbers has to permit the experience and variety of circumstances necessary to make alternative fees work.

The whole question is: do alternative fees work better, all things considered?

The panelists offered strategies to drive down the cost of using outside counsel, to build collaboration between in - house counsel and junior outside counsel, and to implement alternative fee arrangements.

's clients can choose to utilize alternative fee arrangements such as fixed costs, capped fees and / or «value billing» (or a mix of all three).

I believe the «wolf in sheep's clothing» is the dominant methodology used by big firms, indeed, most firms to calculate alternative fee proposals.

The insights highlighted here address a wide range of issues including alternative fee arrangements, preventing waiver of the attorney - client privilege, diversity best practices, and document retention policies.

There is definitely some confusion around what are and what are not alternative fee arrangements.

You're right that discussions around value billing seem to be dominated by simply creating alternative fee structures or reducing the price.

To answer the question — whether attorney alternative fee arrangements will eventually replace the billable hour?

As the legal business model shifts away from hourly billing toward alternative fee structures, it's important for lawyers to develop an understanding of basic pricing principles in order to remain profitable.

The billable hour is still the dominant model for many law firms, but some practice areas are moving towards alternative fee arrangements.

Today's law firms, although gradually adopting more innovative alternative fee structures, are still very much driven by the billable hour.

When giving a speech a few months ago, I was asked by an in - house lawyer how a client was supposed to distinguish a good alternative fee from a bad one.

This year's survey also takes a pretty deep look at alternative fee arrangements.

Moreover, most clients do not consider discounts or blended hourly rates as alternative fees because they still rely on the billable hour as a metric.

Exploring alternative fee arrangements to the billable hour is also crucial.

Clients are now much more sophisticated consumers of legal services — they have responded by demanding discounts and requesting alternative fee structures from their advisers.

Then, I suppose you wouldn't need alternative fee arrangements.

He's transformed how we approach alternative fee arrangements, he knows how they calculate their rates and therefore we have pretty transparent conversations with firms.

Firms that have a handle on this and that take a proactive approach to developing alternative fee arrangements with clients are achieving financial success.

The verdict is in, and it's readily apparent that clients prefer alternative fee structures.

The first is that firms genuinely believe they are using alternative fees if they are using blended hourly rates or discounts.

It's no wonder lawyers have difficulty proposing, implementing, or even understanding alternative fees and pricing strategies.

This has reduced demand and created downward price pressure in the market, which gave rise to some interesting alternative fee structures.

The clients of solo and small firms also tend to be less subject to the abuses of the billable hour and therefore less likely to seek alternative fee arrangements.

This trend will accelerate as fixed fees and other risk sharing alternative fee arrangements spread.

A true alternative fee arrangement is for example packaging the service as a product — delivering 3 documents drafts for $ 500 regardless of your time and efforts invested in the legal task.

We are heavily involved in alternative fee matters, fee estimates, billing rate decisions and so forth.

There was a time when many lawyers, settled in their ways, thought that they could ignore alternative fee arrangements.

Alternative fees help you to capitalize on your process improvements, because you're no longer wasting time on routine tasks.

Litigation finance can enable alternative fee arrangements with law firms that are more flexible than the options that defence - oriented law firms will provide.

There is no question that law firms are undergoing several change management initiatives and avoiding alternative fee arrangements is no longer a strategy.

Every law firm that seriously intends to tackle alternative fee arrangements would clearly benefit from reviewing this work.