Sentences with phrase «alternative billing arrangements»

The company has announced that it will no longer pay hourly attorney's fees, opting for alternative billing arrangements with select law firms.

Clients can be skeptical of alternative billing arrangements when they do not understand how those arrangements will benefit them.

In which practice areas is it possible or appropriate to offer alternative billing arrangements?

Even though litigation is slower to get on board the flat - fee billing train, it seems flat fees and other alternative billing arrangements will eventually become the norm across all practice areas.

(6) Does your firm have a plan to develop the necessary skills to implement alternative billing arrangements with specific clients?

Because we are «lean and mean,» our hourly rates are well below those of attorneys with comparable experience, and we have the flexibility to consider alternative billing arrangements.

In - house legal departments often explore alternative billing arrangements, but they often fail to follow through, falling back instead on the traditional hourly billing model.

Alternative billing arrangements remain the exception rather than the norm, used with only 8 percent of outside counsel.

The current economic crisis is pressing the need for alternative billing arrangements forward in a way never before seen.

If you want to try alternative billing arrangements, make sure you know the rules that might apply.

Your partner's responses to the following questions will offer valuable insight about the firm's willingness and ability to «accept and live with» one or more types of alternative billing arrangements.

To accomplish this, partners must select which clients and practice areas to make available for alternative billing arrangements and to invest their time to manage each practice area.

(5) In which practice areas is it possible / appropriate to offer alternative billing arrangements?

I offer part time general counsel services to growing companies as well as fixed fee and other alternative billing arrangements.

(2) Do your partners possess the necessary skills to implement alternative billing arrangements?

The type of legal work performed for your clients, the nature of your client base, the competitive environment in which your firm practices and the client's perception of the value of the legal work performed will be critical factors in determining whether your firm should volunteer or react to external pressures for alternative billing arrangements from your clients or as the result of competitive pressures created by other law firms.

Analyze your practice in order to select which clients and which practice areas you will propose to make available alternative billing arrangements.

I can pull together teams of top - flight attorneys with specific skill sets for both large and small deals and can offer clients alternative billing arrangements that are appropriate for their needs and the requirements of the deal.

The query stems from an observation of substantial profits by large U.S. firms using alternative billing arrangements for plaintiff - side antitrust cases.

The more sophisticated business and corporate clients are insisting that outside counsel implement alternative billing arrangements in lieu of the traditional hourly - rate billing, which encourages and rewards inefficient performance and management of legal work, and discourages productivity and quick achievement of client objectives.

Levy Zavet promotes and adopts value billing and in some cases adopts alternative billing arrangements.

While some firms have experimented with alternative billing arrangement and even outsourcing commoditized work, the Torys Legal Service Centre is the first attempt by a large Canadian firm to set up what could be called nearshoring (versus offshoring) office dedicated entirely to fixed - fee work.

But FMC is clear: Lawyers must be willing to embrace alternative billing arrangements to stand a chance of being hired.

If your partners» responses to most of the above questions are of a positive nature, and if consensus is reached among the partners to implement one or more alternative billing arrangements, the following should be considered to develop appropriate strategies for selecting and managing the most appropriate arrangements that will be satisfactory for the firm and its clients.

It is the firm's policy to work with our clients to develop rate structures and billing procedures that are mutually agreeable, including alternative billing arrangements such as fixed or task - based fees, contingent fees and volume - based discounted fees.

Firms need better information to negotiate alternative billing arrangements and make smart decisions on practice group investment or divestment.

Due to its expertise in Attorney Hourly Rate and Alternative Fee Arrangement (AFA) or Alternative Billing Arrangements Pricing for individual Attorneys at over 1,200 Law Firms including the Top 200 by Annual Revenue Size, Magic Circle and other large regional, middle - market, small and boutique Firms, Valeo has been used as a primary source and cited for articles in the major law and business publications.

LexSage understands that clients are increasingly asking whether alternative billing arrangements are offered.

Law firms also use Contract Express to reduce unrecoverable hours and increase fee earner efficiency in order to engage in sustainable and profitable alternative billing arrangements.

The Economist mentions several alternative billing arrangements that are receiving greater use, including:

Most of the ideas are fairly obvious — lower starting salaries for new associates combined with increased training, a menu of alternative billing arrangements for clients, creation of client - centric practices such as frequent evaluations and client wikis to keep clients informed.

The type of legal work performed for your clients, the nature of your client base, the competitive environment in which your firm practices and the client's perception of the value of the legal work performed will be critical factors in determining (a) whether your firm should volunteer or (b) react to external pressures for alternative billing arrangements from your clients or as the result of competitive pressures created by other law firms.

(1) Analyze your practice in order to select which clients and / or which practice areas you will propose to make available alternative billing arrangements.

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.

Consider using alternative billing arrangements.

In most of our plaintiff's matters, we are willing to explore alternative billing arrangements, with Lightfoot sharing the risk and expense attendant to all litigation.

Last month, I posted about how Houston - based FMC Technologies turned to social media site Legal OnRamp to find innovative law firms willing to offer alternative billing arrangements.

RH: The law practice of the future will be more virtual and technology - driven with alternative billing arrangements.

The type of legal work performed for your clients, the nature of your client base, the competitive environment in which your firm practices and the client's perception of the value of the legal work performed will be critical factors in determining two things: Whether your firm should volunteer; or React to external pressures for alternative billing arrangements from your clients or as the result of competitive pressures created by other firms.

Payment is expected and alternative billing arrangements must be discussed with VCA.

The sixth edition has been revised to include information on IREC's recently updated model procedures, alternative billing arrangements for net metering, energy storage and several other emerging issues in the field.

Over recent years, there has been much ink spilled about «Alternative Billing Arrangements».

Orrick... has tripled the revenue it generates from alternative billing arrangements... but maintained profitability through efficiencies.

Select which forms of alternative billing arrangements your firm will make available and what percentage of your firm's legal work you will handle under alternative billing arrangements.

As a nimble friendly boutique firm, we can also offer cost - effective, alternative billing arrangements to help our clients manage their business law and litigation expenses.

«Document automation software reduces the cost of producing court documents and letters, enabling greater price flexibility at a time when alternative billing arrangements are growing in popularity,» said Bass.

Paul may not have an edgy website, but he is a good lawyer who gives good advice, which means he has an enviable law practice without all the virtual offices, alternatives billing arrangements and iPads actually I can't remember the last time I saw Paul without his iPad.

There has been a steady onslaught against the billable hour in recent years, not least of which is such as the demand by many clients for alternative billing arrangements.