Sentences with phrase «alternative fee billing»

Not exact matches

Economic pressures to reduce legal costs is the primary force behind a growing number of firms moving away from the billable - hours model to new alternative billing models such as fixed, flat, blended or capped fees.

Hours before Cuomo announced his decision on the bill, Assemblyman Luis Sepulveda (D - Bronx) and Sens. Marisol Alcantara (D - Manhattan) and Ruben Diaz (D - Bronx) offered up an alternative to the bag fee.

Online training is also more cost - effective than on - site alternatives, as you don't have to foot the bill for the instructor's travel expenses, site rental fees, or printed materials.

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You may be able to negotiate a payment plan with medical providers as an alternative to neglecting high bills and racking up late payment fees.

The alternative is to try to sell your bill to someone else, but to do so, your broker will likely charge you a fee.

The question of a new tax or fee being included in a climate bill has been a controversial issue because many Republicans have long dismissed climate control legislation as nothing more than a new tax on consumers, who would face higher energy prices when more expensive alternative energy like wind and solar power replace dirty - burning coal and oil.

So desperate are firms to build Supreme Court credentials that many will prepare amicus briefs on a pro bono basis, or offer flat fees or alternative billing.

One critical caveat: I am not suggesting that timekeepers should stop recording hours, because that information is invaluable for budgeting and pricing, including determining billing rates and alternative fees like flat fees.

At the end of the day, Lamb sees two reasons for Main Street attorneys to consider flat fee or other alternative billing methods.

Carr says he employed this type of digital / social RFP because he was seeking tech - savvy firms that offered alternative fees and online billing.

For many years, the profession has been talking about alternative billing schemes such as flat fees, unbundled legal services, and pay - what - it's - worth options.

the ability to set convenience fees as an alternative to billing for expenses, and a more robust conflicts checker than was previously available.

This means being open to alternative billing models such as fixed, flat, capped or blended fees for services, in order to ease potential cash constrains that you're your client may be temporarily experiencing.

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.

Therefore, they seek more alternative fee arrangements, fixed / capped costs and creative billing arrangements from their law firms.

Whether you bill hourly or use alternative fee arrangements, knowing how much work you're putting into a matter versus how much you think you should or want to put into it is critical.

You need to increase the value of your legal services, which probably means reduced fees and alternative billing methods.

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.

Variations of hourly billings, fixed fee billing, contingent fee arrangements and other forms of «alternative billing» are no longer merely isolated experiences.

'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).

Last month, I wrote about the fact that hourly billing isn't going away, no matter what the industry predictors say about alternative fees, new ways of showing value, and new paradigms for delivering legal services.

The full survey covers a broader range of topics, including alternative fees, billing and invoicing, competition and collaboration.

The use of alternative fees such as non-hourly based billing is also up, but still only represents 10 per cent of fees collected, according to the Law Firms in Transition Survey, which received responses from law firm leaders at 238 U.S. law firms with 50 or more lawyers.

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

What is your experience with flat fees — and what advice would you have for those who seek to implement an alternative billing approach?

Some firms have made real commitments to flat - fee and alternative billing systems.

For many lawyers, flat - fee billing offers an attractive alternative to the tyranny of the billable hour.

The majority of law firm partners favour the traditional hourly rate model as a more accurate way of billing, despite a continued push from clients to use fixed fees and other alternative billing methods, according to Legal Week research.

«We've been doing alternative fee arrangements for over 20 years,» says managing partner William (Bill) S. Chalmers.

Incidentally, if you are looking for additional guidance on flat fees and alternative billing, perhaps one of the best authorities is Allison Shields of Legalease Blogs, who has written extensively about this topic.

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.

Each section — Pricing Strategies, Alternative Fee Arrangements, Billing Rates — is summarized below:

''... The real value of alternative fees [paying a lawyer on any basis alternative to hours - billed] is to incentivize a re-design of workflow that (i) increases quality, (ii) speeds up delivery, and (iii) decreases cost.»

The typical alternative to the billable hour model is where a piece of work, say a slip and fall case, is billed by by the lawyer on a flat fee instead of by the hour.

Our reasonable costs, tailored, alternative approaches to fees, and flexible billing arrangements make our outstanding service very economical.

Unlike the bill by the hour lawyers who even bid alternative fee proposals by using estimating the number of hours a matter would take and then padding the final number, plaintiffs lawyers value a case by thinking through such things what's the case worth vs. how long it will likely take to get a settlement or verdict and who is on the other side.

It found that most law firms continue to rely on traditional billing for the majority of their work, and law firms are on whole less delighted with alternative fees than the corporate law departments they serve.

Even cursory review shows that most of those firms base their alternatives on expected hourly fees — the wolf in sheep's clothing syndrome or as one commentator put it, «hourly billing in drag.»

Fee agreements, including ideas on alternative billing in estate planning, administration, and litigation

Profile • Busy, long - establish and respected solicitors • Legal advisors supported by secretarial team Challenge • Alternative resource needed for two secretaries on maternity leave • Maintaining quality of service despite a smaller secretarial team Results • No need to invest in expensive maternity cover, or replace headcount lost through natural wastage • Productivity driven by Dragon ideal for new fix - fee legal billing model

The general theme is this: hourly billing frustrates clients; firms need to find new ways to add and show value — and the best way is through alternative fee arrangements that clients are gravitating towards in droves.

Led by the Association of Corporate Counsel's «ACC Value Challenge,» corporate America is increasingly demanding that their outside law firms abandon the entrenched, historic, «cost - plus,» «billable hour» economic pricing model in favor of «Alternative Fee Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangementFee Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangementfee,» «contingency,» or «hybrid» fee arrangementfee arrangements).

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

As alternative billing approaches go, flat fees have many fans.

As discussed below, while proponents of alternative fees contend that they make time sheets irrelevant, others believe that firms still need to keep track of hours spent either to ascertain profitability or justify bills to clients.

On alternative fees: Clients, not firms, have been the greater barrier to adoption of alternative billing arrangements, panelists suggested.

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.