Sentences with phrase «fee billing structures»

Moving from an hourly fee to a flat fee billing structure requires a lawyer to take on risk.

Not exact matches

In addition to the low fee structure and solid rewards program, the Bank of America ® Travel Rewards Credit Card also offers a 0 % introductory APR on all purchases for 12 billing cycles.

It also has a fee structure and billing system; research groups pay to access samples through Crimson and for specimen shipping, collection, and storage.

I can structure almost any kind of fee arrangement agreeable both parties, but I have no hourly billing rates.

Unfortunately, the company keeps their pricing structure fairly hidden, and it takes a bit of searching to find out exactly what their fees and terms are; for instance, the Billing Terms page comes up blank and their Subscribe page makes no mention of associated costs.

These systems handle invoices, bills, receipts, management of the course structure, prices, discounts, fees, students, classes, attendance, grades... they are prepared to manage in - house training globally.

FHA Commissioner David Stevens said this morning, ``... we have a bill in Congress right now that we need to get through because we have to change our fee structure to be more in line with how private mortgage insurance price.

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.

We have already started to see attorneys change billing to more of an «a la carte» flat fee structure, and as young attorneys get more comfortable with what certain jobs take to complete, I expect we will see more and more of that.

Unlike most law firms that bill clients based on the total billable hours each lawyer works on a particular matter, M&A Law Firm, P.C. employs a variety of alternative fee structures.

-- the first legal benchmarking report that outlines key industry metrics for billing rates, hours billed, fee structures, and more.

Regarding legal billing structures, personal injury and plaintiffs» employment lawyers have had an «alternative» fee structure for decades: contingent fees.

The Barreau argues that law firms using the hourly billing method are not serving the interests of the partnership with clients, that the firms should be doing a better job serving the interests of clients whether those interests lie in the efficiency of a fixed or flat - fee structure, or the predictability of a fee that's conditional on outcome or duration.

Fixed - fee billing, properly structured, offers many advantages to the law firm.

In the simplest terms Alternative or Special Fee Arrangements are agreements between a law firm and a client to provide compensation to the firm based on a structure other than hourly billing.

The reason for the change in billing structure is so that clients will have more security in knowing how much the fee will be.

Multiple metrics could be used to track progress, (e.g. the percentage of new matters set up under a fixed fee structure, the percentage of billing under fixed fee structures, the percentage increase in billings under fixed fees over the prior year, etc.) However, only one of these metrics should be selected as the KPI related to this initiative.

Contingent fee (success related) billing arrangements and other non-traditional fee structures are commonplace, in appropriate circumstances.

Value billing can be structured as fixed fees, flat fees or success fees.

Now in its 14th year, the report examines the most important aspects of service to clients of leading law firms — gathering views on importance and satisfaction for all aspects of client service, including commercial understanding of client business, consistency of service across the firm network, teamwork, communication, fee structures, billing and innovation.

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.

Mid-sized firms are also taking advantage of clients» desire for lower rates and alternative billing by opening offices in other cities to meet the ever - growing demand for innovative or flexible fee structures.

A webinar for lawyers on alternative billing and fee structures.

And a lot of the issues that are driving the necessity of this new strategic outlook, or positioning, may be new technology, alternative billing arrangements, the fee structure, obviously, the generational mix... diversity, etc..»

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.

Fee Structure Lawyers generally bill by the hour, while in some circumstances flat fees may be offered.

It is the firm's policy to work with our clients to develop rate structures and billing procedures that are mutually agreeable, including alternative billing arrangements such as fixed or task - based fees, contingent fees and volume - based discounted fees.

Depending on the client matter and fee structure, billing options for an invoice may include one or more of the following fee types:

It appears that alternative billing is the new norm for law firms, so it's important to gain a strong understanding of all the different billing methods and fee structures available to you.

Clients are asked to rate individual lawyers and law firms on the following client service criteria: quality of legal advice, commercial awareness, industry knowledge, strategic thinking, billing transparency, tailored fee structures, value for money, responsiveness, effective communication, clarity of documentation, sharing of expertise, appropriate staffing, project management, use of technology, loyalty and ethics.

In conclusion, Molot argues that «[a] revised structure would give all of a firm's constituencies what they so badly crave: a law firm focused on long - term, value - added relationships rather than hourly fees and current billings.»

ALM Legal Intelligence reports that as clients request alternative fee arrangements, law firms find, at a 2:1 ratio, that these new billing structures are less profitable.

If firms are not radically reducing their cost structure, basing fees on cost of production rather than the amount they would earn if billing hourly, they are not doing the things that create real savings for clients.

You're right that discussions around value billing seem to be dominated by simply creating alternative fee structures or reducing the price.

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.

Circumvent or manipulate, or attempt to do so, our fee structure, the billing process, or fees owed to Practice Pipeline;

In our case, we use the resources external investors provide to invest in technology and adopt alternative billing structures, such as flat fee billing.

You can bill time or flat fees, but for more exotic billing structures, you will have to get creative.

John — Billable hours involve billing clients per hour worked as opposed to another fee structure.

March 16, 2011 - Local governments across the country are increasingly instituting flat - fee structures used to bill drivers for police and fire departments» response to traffic accidents.

If your benchmark is perfection all comers will fall short, but consider what can go wrong with property management and I've seen it all happen... theft of your rent money, fabrication of invoices, referring of repairs to the owner's brother in law who doesn't have a clue what he's doing, letting your property sit vacant for 6 months, HOA violations going unaddressed for which you're never notified, horrible record keeping, money not being escrowed properly, owner distributions not coming on time or at all, fee structures that reward managers with more money every time they order a repair, invoices not provided, property statements poorly organized and unclear so you can't tell the real story, tenants reporting dangerous repairs such as a leak or a dangerous safety issue and nobody responds and you get stuck with a giant bill or a lawsuit etc... None of these things have happened to me with Green Residential.

Every CPA firm has their own approach to fees and billing structures.