Sentences with phrase «examples of alternative fee arrangements»

Rather than basing fees on the number of hours worked, examples of alternative fee arrangements include fixed fees, negotiated fees for a group of assignments, or success - based fees.

Not exact matches

On the customer front, two examples: Half of The American Lawyer's 20 A-List firms are on record this year as starting alternative fee arrangements with important clients such as Pfizer and Citibank.

Alternative fee arrangements are an example of a KAP gap in the legal market.

For example, Member States take varied positions on the availability of third party litigation funding and alternative fee arrangements (such as contingency fees); and some have opt - in systems, opt - out regimes, or both.

As a one example, we have begun a kind of massive download of PACER information and there are insights in PACER that will allow law firms to do all kinds of stuff, from pricing fee agreements, and alternative legal fee arrangements, to predicting when their clients are going to have problems before they do, to treat things as a matter of kind of risk mitigation instead of litigation after the fact.

For example, in 2014, 45 % of CounselLink customers were billed under an alternative fee arrangement for Corporate, General, Tax matters compared to 39 % in 2013.

Crane discussed a number of alternative fee arrangements including discounted and volume discounts (e.g. 15 per cent on the standard hourly rate, for example, when fees billed exceed $ 100,000 a year), and blended hourly rates (such as $ 400 / hr blended rate for all lawyers on a file or $ 300 / hr for associates and $ 500 / hr for partners), as well as fixed and capped fees.

McCarthy Tetrault's use of law firm analytics to re-engineer and improve M&A due diligence procedures, for example, «has allowed us to reduce costs to our clients up to 75 per cent, while charging them using predictable alternative fee arrangements such as fixed - rate billing,» said Peters.

For example, I have seen this accomplished with the help of the LexisNexis Juris billing, accounting and financial management software which enabled the firm to produce timely and informative reports based on clients» billing and collection performance, and then using those metrics to determine where the firm can offer more competitive alternative fee, or non-hourly, arrangements.