Sentences with phrase «flat fee billing arrangements»

Not exact matches

Generally we focus our attention on the mechanics of common structures, such as volume based discounting, contingency arrangements, flat fee billing, success fees or secondments.

That means using hourly billing, flat fees, contingent fees, and hybrid arrangements to suit each matter best.

If attorneys avail themselves of the advances in computer technology in the past decade or two, they can more easily come up with flat fees or other alternative billing arrangements — and continue to make a profit, Calloway says.

Topics may include, for example, how to create a business plan, the key elements of an engagement letter, how to choose your niche, and how to decide between different billing arrangements such as contingency fees, hourly rates or flat fees.

Even if you ditch the billable hour, you still have to bill your clients for your work (either through flat fees or some other hybrid arrangement).

Chrometa — Even with the trend towards flat fees and other alternative billing arrangements, the billable hour is not dead yet.

In addition to our standard hourly billing, we offer flat fees, blended rates, partial contingency arrangements and capped fees.

But now, tired of subsidizing law firm gravy trains, large corporate clients are forcing firms to offer alternative billing arrangements, such as flat fees, volume discounts and banning new associates from working on matters.

Or they refuse hourly arrangements altogether and insist on fixed or flat fees and other alternatives to hourly billing.

From flat fee payment arrangements to approaching legal matters from a project management perspective, traditional hourly billing models no longer define the legal industry.

We all seem to be moving toward value billing — but does a flat fee arrangement impact service quality or the level of talent assigned to the work?

At heart of the new software are complex mathematical models that help firms forecast what it will cost to perform a certain project, and thereby determine if it makes sense to offer an alternative billing arrangement for that project such as a flat fee.