Until recently, not many law
firms considered the billing process to be anything more than a support function.
Not exact matches
On Tuesday, Treasury Secretary Jacob J. Lew told The New York Times that the Obama administration was
considering executive action to discourage corporate «inversions» — transactions in which American corporations move their tax residency abroad by being «bought» by smaller foreign
firms, in order to reduce their American corporate tax
bills.
The question has sparked a high - stakes fight in Springfield, as the House gets ready to
consider a
bill that would give private
firms a look at now - confidential data.
Bill Slawski of SEOByTheSea — «I'm a
firm believer in creating a situation where not only are you focusing upon a permission - based approach, but that you also provide things of such value within your email marketing that people don't think twice about signing up, and wouldn't even
consider unsubscribing.
First, the
bill being
considered in the Senate would create what we did not have before: a way to protect the financial system, the broader economy, and American taxpayers in the event that a large financial
firm begins to fail.
A proposal to weaken protections against aquatic invaders in the Great Lakes has failed in the Senate as most Great Lakes senators stood
firm against allowing the
bill to even be
considered.
Have you
considered working with a debt counseling
firm to get your
bills under control?
Consider ticks, says
Bill Griesinger, president / CEO of Karykion, Inc., a Princeton, N.J., bio-tech research
firm that offers a tick removal product for canines and equines.
Consider the ability to talk to a customer and track time simultaneously on your cellphone with the use of the
Firm Central Time &
Billing mobile short - cut.
A recent thread in the right - wing blogosphere has it that law
firm Perkins Coie has
billed Obama's lobbying organization more than a million dollars while trying to suppress lawsuits over Obama's eligibility to be president, an issue that has long been
considered settled by the courts but continues to simmer on the Internet.
When faced with these decisions,
firms should
consider factors that relate to office harmony, the
Billing Attorney's role in the
firm, whether the
firm wants to incent business development at every attorney level, and the priorities of the
firm.
However, law
firms today do not use recorded time as one factor to
consider in
billing clients, but use recorded time as the sole factor in
billing clients.
In a recent British Columbia case, an appeal court struck down a law
firm's
bill because the client hadn't been advised that the
firm planned to
bill what it
considered was a «fair» fee for the work it performed, not simply its hourly rate.
(See my post «How the Legal Industry's Pursuit of Leverage Pits the Client's Interests Against Those of the Law
Firm» — where I recount my chief financial officer friend's receipt of a bill from an AmLaw 100 highest revenue firm for tax law advice from two of its junior lawyers whose the AmLaw 100 employer considered them sufficiently incomplete in their qualifications that it charged my CFO friend for their «supervision» by — of all specialties — a partner in the real estate gro
Firm» — where I recount my chief financial officer friend's receipt of a
bill from an AmLaw 100 highest revenue
firm for tax law advice from two of its junior lawyers whose the AmLaw 100 employer considered them sufficiently incomplete in their qualifications that it charged my CFO friend for their «supervision» by — of all specialties — a partner in the real estate gro
firm for tax law advice from two of its junior lawyers whose the AmLaw 100 employer
considered them sufficiently incomplete in their qualifications that it charged my CFO friend for their «supervision» by — of all specialties — a partner in the real estate group!)
Value
billing is being looked at very carefully, as the economy drives law
firms to
consider changing the way they charge clients, according to an ABA discussion Atlanta, reports ABANow.com.
As law
firms grow to meet client needs, they often
consider joining a
firm network or expanding internationally, but Toronto business lawyer
Bill Northcote poses an interesting question in Lawyers Weekly: are networks and global
firms competitors, or do they serve separate markets and clientele?
In contrast, if a
firm is torn down and rebuilt, the opportunity for the
firm's senior leadership to integrate with what are generally
considered back - office functions (
billing, collections, and accounts payable) is huge.
Here are a few of things to
consider to optimize your
billings and save time processing your
firms billing.
And if you don't like the idea of hourly
billing,
consider what Bombardier has been trying — a weekly
billing model based on «X thousands» of dollars a week for the period of a project and it's the job of the
firm to staff it to make sure it makes money.
Other types of fields of information you should
consider keeping for each contact may be: information on the contact's business and industry, who else knows them in the
firm, and any relevant financial information from your time and
billing database if they are a client.
Often, the first metric
considered is price - related, such as partner
billing rates paid to each
firm in the company's panel.
Most law
firms should seriously
consider a cloud - based rather than desktop - based
billing solution for these reasons:
Some
firms consider it good practice to
bill a transactional matter - in - progress before closing, especially one that takes many months to complete.
As you watch your medical
bills pile up and continue to lose income from missed days at work due to your injuries, you may
consider whether you should call a personal injury law
firm to discuss your legal rights.
Diagnose a sick
firm culture and you will find 10 symptoms: poor productivity; lawyers who fail to
bill and collect; high personnel turnover; hostility between individuals; low morale; out of control overhead; lawyers unwilling to change or
consider new practice ideas; lack of initiative or creativity; apathy; and the inability of management to gain support for its decisions.
For all the challenges of law
firm billing it's worth
considering the unifying theme of Mr. Lee's point: the very act of
billing is and of itself sends a message.
As law
firms grow to meet client needs, they often
consider joining a
firm network or expanding internationally, but Toronto business lawyer
Bill... Read more
The
Bill would also allow the HRPA to inspect the practice of a member or
firm if they are
considered incapacitated because of a physical or mental illness, condition or disorder, another infirmity or excessive use of alcohol or drugs.
The
firm is hardly the only one to
consider billing alternatives — fixed fees, success fees, and the like — but it is making itself distinctive and different simply by talking about the taboo topic of how law
firms charge their clients.
If you are operating your own small
firm or solo law practice and are
considering updating your
billing procedures to make them automated, easy - to - use, and efficient, then you are no doubt
considering the question of: «How much is this all going to cost?»
The overhaul — which was presented to the
firm's partnership at its recent partnership meeting in Monaco — will see partner performance assessed by
considering a broader range of factors encompassing business development, marketing and innovation, rather than a sole focus on individual
billings.
Langdon emphasized the importance of
considering value - based
billing in which a portion of the fee is determined subjectively by the client depending on the value they perceive the external
firm brought to the matter.
Small entities and inventors have been given far too little voice on this
bill when one
considers that they rely far more heavily on the patent system than do large
firms who can control their markets by their size alone.