Sentences with phrase «alternative to the billable hour»

The current economic woes seem to be causing some clients to demand alternatives to the billable hour.

However, a successful alternative to the billable hour has never taken hold.

Flat fees have become nearly synonymous with alternative billing, but they are not the only alternative to the billable hour.

A natural question about flat fees or other alternatives to the billable hour is whether they are cheaper.

For all the talk about alternatives to the billable hour, this recent article entitled «Eight law firms to share $ 30 million in Delta bankruptcy legal fees» demonstrates why that's never going to happen.

Writing in response to recent industry surveys, which confirm the legal industry's increased interest in alternatives to the billable hour (aka AFAs), reporter Chris Johnson noted pure hourly billing is in decline and is expected to decline over the next few years.

He added that firms that had not looked to provide alternatives to the billable hour and had not invested in mobile technologies and practice management solutions were more likely to be hit harder by market and competitive shocks.

Instead, firms are making modest «market corrections» such as cutting attorneys (both associates and partners), and relying more heavily on contract lawyers and experimenting with alternatives to the billable hour.

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.

There's lots of talk about moving to billing alternatives to the billable hour.

Attendees responded that they would want to introduce alternatives to the billable hour, and increase their use of technology.

Baker will talk about an effective alternative to the billable hour which he has perfected over many years working with lawyers, accountants, and other knowledge professionals.

As Tyler Langdon of Cognition LLP pointed out, external counsel's perspective should be that advancing alternatives to the billable hour will: «strengthen relationships, increase market share, improve business opportunities and actually enhance profit.»

Placating clients seeking predictable legal budgets is not the only motivation for developing alternatives to the billable hour.

Clients are demanding alternatives to the billable hour, and that is changing how solos and firms are behaving in light of these new expectations.

Writing in response to recent industry surveys, which confirm the legal industry's increased interest in alternatives to the billable hour (aka AFAs), reporter Chris Johnson noted pure

The move is an acknowledgement of the shifting legal landscape and the desire of many clients for alternatives to the billable hour.

If someone can give me the alternative to the billable hour, I'm all ears.

For several years now, value pricing has been touted as an alternative to the billable hour but many lawyers, myself included, have had some difficulty in figuring out how to apply it in practice.

In this post, I'm going to talk about another alternative to the billable hour, flat - rate billing.

And they demand alternatives to the billable hour, since the «longer I take, the more I make» paradigm is anathema to efficiency.

With pressure from the business increasing to reduce legal department costs, many buyers of legal services began requesting fee structures that were an alternative to the billable hour, including fixed - and flat - fee engagements, putting the onus on law firms to improve their efficiency.

Everyone claims to offer fee structures that are alternatives to the billable hour.

The entrepreneur in me longed to build something - a new firm model to give clients an alternative to the billable hour for litigation.