Sentences with phrase «alternative billing structures»

In our case, we use the resources external investors provide to invest in technology and adopt alternative billing structures, such as flat fee billing.

And that corporations are voting with their feet, judging by the precipitous rise in in - house counsel and growing demands for alternative billing structures (a quick glance through the last 12 months of ABA magazine articles provides a rich data source for this debate)?

I began experimenting with value pricing and alternative billing structures.

In this episode, in - house lawyer Elliot Miller and outside litigation counsel Adam Losey discuss the different perspectives they have in their respective roles, the realities of traditional v. alternative billing structures, the importance of trust, and more.

As the economic model of law firms changes with the rise of alternative billing structures to the billable hour, there may be more room for creativity in providing flexibile work arrangements for lawyers.

Not exact matches

business plan — update annually legal aid review — strategic choices legal services bill — alternative business structures

Unlike most law firms that bill clients based on the total billable hours each lawyer works on a particular matter, M&A Law Firm, P.C. employs a variety of alternative fee structures.

Regarding legal billing structures, personal injury and plaintiffs» employment lawyers have had an «alternative» fee structure for decades: contingent fees.

In the simplest terms Alternative or Special Fee Arrangements are agreements between a law firm and a client to provide compensation to the firm based on a structure other than hourly billing.

Mid-sized firms are also taking advantage of clients» desire for lower rates and alternative billing by opening offices in other cities to meet the ever - growing demand for innovative or flexible fee structures.

A webinar for lawyers on alternative billing and fee structures.

And a lot of the issues that are driving the necessity of this new strategic outlook, or positioning, may be new technology, alternative billing arrangements, the fee structure, obviously, the generational mix... diversity, etc..»

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.

It appears that alternative billing is the new norm for law firms, so it's important to gain a strong understanding of all the different billing methods and fee structures available to you.

ALM Legal Intelligence reports that as clients request alternative fee arrangements, law firms find, at a 2:1 ratio, that these new billing structures are less profitable.

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

A widespread rejection of the hourly rate billing model leaves many firms struggling to come up with a viable alternative and without the capability to re-engineer their business model to support these new fee structures.

Such opportunities, and the huge benefits for consumers, require the Bill's alternative business structure provisions to be supported in full.