Most of my clients at this time are
billed on a flat fee basis, and I haven't felt a need to invest in any practice management software.
Sometimes lawyers will instead
bill on a flat fee basis for a...
Not exact matches
Pricing for all of the Internet Dating Business Services is a
flat service
fee and is
billed as a whole
on a monthly
bases.
Generally we focus our attention
on the mechanics of common structures, such as volume
based discounting, contingency arrangements,
flat fee billing, success
fees or secondments.
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.
I've always charged
flat fees for criminal defense files, while civil cases were
billed either hourly or
on a contingency
fee basis.
And, for some reason, I have a very difficult time conceptualizing the idea of
billing a civil defense file — one that would normally be
billed hourly —
on a
flat fee basis, even though it seems perfectly ok for a criminal file.
The firm explained that there was no hourly
billing to review since they were operating
on a
flat fee basis.
The difference is that Firm 1
bills on a
flat fee or hourly
basis, and Firm 2 has implemented a creative, recurring revenue model.
Hourly
billing, and even
flat -
fee billing that is
based on the estimated hours required, is not scalable and significantly inhibits your growth potential.
When you track your time
based on matter type using time - and -
billing software, you can identify tasks that would make good candidates for a
flat -
fee service.
Here's a revelation: clients will care less about the mechanics of your invoice, whether you
bill by the hour, by the word or offer
flat fees based on astrology charts, so long as the value delivered is commensurate with the price paid.
In my own mediation practice, I
billed on an hourly
basis for the actual mediation sessions (which, in my opinion, could not and should not be fairly estimated in advance — except to give a likely range), but used a
flat fee for drafting the resultant memorandum of understanding.
FreshBooks has an estimates feature that can help minimize that friction with clients whether you're
billing on a
flat or fixed -
fee basis or
billing by the hour.
For employers with more than 100 full time employees, agency
fees are an add -
on to the monthly
billed insurance rates or a
flat fee payment made by employer
on a monthly or quarterly
basis.