Sentences with phrase «fee billing model»

McCarthys is planning to have 50 per cent of its work charged on a non-hourly basis, while Torys is moving toward a fixed - fee billing model.

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.

Vanguard's business model does not contain an incentive to charge any more in fees than necessary to keep the company afloat and pay the bills.

A company with the business model consisting of a setup fee then a monthly fee has no incentive to try to help you achieve a higher credit score quickly since they are billing you monthly.

Their model was to waive the connection fee and request a small deposit on the first monthly bill.

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.

Shift your billable hour model to flat - fee billing or a membership model so clients don't feel «nickel and dimed» or penalized every time they contact the firm.

Clients are also demanding more flexibility around fees as they seek to move away from hourly billing models.

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.

Tarlton's article focuses on four law firms that are reinventing the practice of law through delivering corporate services in unconventional ways, offering flat fees and other value billing models, eliminating vestiges of traditional law practice like a partner - associate structure.

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.

For consumers, moving away from the «job shop» business model with hourly billing rates towards the «value - chain» business model with fixed fees for discrete legal services.

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).

What if, for example, you have a law firm that operates largely on a contingency - fee model, like a plaintiffs» personal injury firm, as opposed to on an hourly billing rate model?

That is why we abandoned the traditional «hourly billing» pricing model in the majority of our practice areas and adopt the more client friendly fixed fee and performance related pricing structures.

These include complex profit and fee sharing models, as well as billing requirements imposed by corporate and government clients,» said CEO Rick Kabra.

That's why we created FileTracker, an innovative and collaborative proprietary system that manages workflow and account processing and allows for fixed - fee and contingency billing models for our insurance clients.

The difference is that Firm 1 bills on a flat fee or hourly basis, and Firm 2 has implemented a creative, recurring revenue model.

Benchmarking of similar matters helps firms understand their competitive position with regard to billing norms, fees, rates, matter durations, and staffing models, which empowers them to develop fee arrangements and AFAs that are competitive, sustainable, and profitable

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.

That's why Lucent Law still offers comprehensive legal services in the traditional law firm model — although we remain committed to reasonable and clear legal fees, even with matters that are billed on an hourly basis.

From flat fee payment arrangements to approaching legal matters from a project management perspective, traditional hourly billing models no longer define the legal industry.

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.

ari kaplan & ari kaplan advisors & best practices & billing & business model & careers & chief legal officer & client satisfaction & efficiency & employment & entrepreneurs & fixed fees & ghostwriter & ghostwriting & in - house counsel & incremental innovation & innovation & law firm & law firm profitability & law - related & lawyers & legal & legal ghostwriter & legal industry & legal practice & professional services & reinventing professional services & Reinvention

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.

Like any good business model, there are hidden fees everywhere you look in medical billing software prices.

In other cases, if one person has an unreasonable position, or hires a lawyer that is overly - aggressive and submits a mountain of discovery requests, this will certainly increase your legal fees, especially under the hourly billing model.