Sentences with phrase «alternative fee models»

I read this post 10 Big Reasons We Need to Reinvent the School Year from Online Colleges and it resonated with me because of my research and recent article — Applying the Alternative Fee Model to Law School Tuition, which has generated some additional discussion.

Because of close collaboration, client GlaxoSmithKline was able to pioneer an alternative fees model.

Not exact matches

Tradestation, another discount online brokerage, also offers a fee - per - share model as an alternative of the fee - per - trade model.

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.

Because they were the first to offer an alternative to the old - school, expert - driven, high - fee investing model.

She explains: «Some lenders noted a flat - fee alternative would not fit their business model.

Whats more, the Taurus SHO should make a great alternative to high - performance sedans from Germany, at a fraction of the price.This model sets itself apart with performance from new SHO model, roomy, luxurious interior, safety, range of high - tech options, Clean, stylish appearance inside and out, and great seats Taxes, tags, processing fee of $ 899 and dealer installed accessories additional.

Tradestation, another discount online brokerage, also offers a fee - per - share model as an alternative of the fee - per - trade model.

In the make - or - take pricing model, exchanges (and some alternative trading systems) charge an access fee for executing marketable orders that fill against (take) standing orders and provides a liquidity rebate for executed standing orders that make markets.

So Hybrid Models using both mutual funds and ETFs are now being maintained as an alternative to the Fee - Based Models that utilized only mutual funds.

Meaning they have alternative plans for anything that would have been in it; most likely a subscription model, under a new name, that will eventually include N64 and Gamecube games into the mix, which will be better than VC in and of itself if you can get to play all of them for a single fee per year, and perhaps even purchase individual ones that you'd like to play sans subscription.

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.

Join us at our upcoming Evolve Law event in Minnesota where our expert panel and Darwin talk presenters explore Alternative Business Models and fee arrangements.

At that point, I think solos have a choice if they want to increase earnings: either diversify their business model to take on alternative fee or contingency cases, or outsource or hire an associate, and earn a profit off that person's work.

Among the topics on the agenda are new model law firms, the challenges of diversity, the consumer law revolution, the future of managing partners, and the nuances of value and alternative fees.

An additional pressure, as recorded in respondent comments in the Best Legal Advisers survey, is that some law firms have failed to update their client service delivery model by offering lower fees, alternative or fixed fees, and by implementing more efficient internal procedures.

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 now have alternative business structures out of the UK and a myriad of companies providing legal advisory and LPO services without the fee - draining partnership model.

I believe we've invested in the right practices and embraced the change to alternative fees and alternative staffing models to give us a competitive advantage.

There are firms willing to take on work at a lower hourly rate, for example, but they remain tied to the hourly rate model; they're not necessarily willing to move to alternative fees.

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.

While some New Law models have been created as a direct result of the economic downturn, the founding partners of Valorem started talking prior to the recession about creating alternative fee structures for their clients.

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

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).

Now, with 11 lawyers and more than seven years of success using this new model, Valorem hears many firms claim to offer alternative fees.

To the extent LPM is related to alternative fee arrangements, firms and clients must ensure that compensation models that reward efficiencies are in place and sustainable

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.

In fact, they so strongly believe that the billable hour model does not encourage the type of innovation and collaboration that Microsoft decided to move, over the next two years, to a fee model where some 90 % of its legal work will be done via alternative flat fees.

It is a risk, but a small one, and will give you the opportunity to start thinking along the lines of fixed pricing, subscription models and the king of alternative fees: value pricing.

Some forward - thinking law firms that have recently benefited from the Animators at Law innovative alternative fee pricing model include: Akin Gump Bristows Crowell & Moring Dickstein Shaprio Finnegan Hogan Lovells Holland & Knight Hughes Hubbard K&L Gates McDermott Will & Emery McGuireWoods Patton Boggs Paul Hastings Skadden Squire Sanders

In much of the writing on this subject, the focus has been on so - called alternative fee arrangements or «AFAs», pricing strategies that are based on fixed - price or cost - plus models that make no reference to billable hours in the calculation of fees.

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

Legal departments also need to look at different billing models, such as alternative fee arrangements, how they manage internal versus external spend, the way they manage relationships with their law firms and how they're using technology to drive better outcomes.

Corporate law departments report that they are re-negotiating outside counsel fees, shifting work to lower - priced law firms, increasing in - house capacity, opting for alternative service providers and using new technology — all to develop a more cost - effective legal services model.

Every firm talks about alternative fees and client service, but none have changed their basic business model to make the tools needed to provide great client service the centerpiece of their existence.

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.

Technology will play a large role in that, as well alternative fee arrangements, and new models of legal service delivery, but that role will be largely invisible to clients.

«Law firms have been extraordinarily profitable over the last 50 years based on a model that has them charging by the hour, so clients are rewarding effort, not results,» said Kirmayer, who regularly speaks at in - house counsel conferences about how to structure alternative fees.

Note: Mr. Esposito is a frequent speaker and author on a wide - range of topics facing the legal industry, including alternative fee arrangements, legal project management, and law firm profitability models.

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.

Lawby oversaw the significant restructuring of the corporation's business model in the mid-1990s, in response to the surge of «head fee» alternatives.

Increasingly, there are «alternative brokerage models,» that offer cash back to owners and discounted fees.

Fortunately consumers are being better educated about their choices for buying and selling real estate, and I fully expect most consumers in the future will look for alternative service models with lower fees.