Sentences with phrase «from billable»

When participating in marketing initiatives such as visiting clients or writing for the firm's blog take lawyers away from billable activities, they need to see the reward.

With almost every other discipline, from marketing to accounting, moving away from the billable hours model, it can only be a matter of time before most law firms go the same way.

Having practiced using alternative fee arrangements almost exclusively since we started Valorem Law nine years ago, we forget that there are thousands of lawyers who have never used any fee arrangement aside from the billable hour for their entire career.

Over the past few years, I've transitioned my practice from the billable hour to flat fees.

As for getting users to contribute annotations, it's probably easier outside the law firm environment and away from the billable hour.

Lawyers found the role appealing as an escape away from the billable hour.

After the front cover piece in CBA National, recently mentioned on Slaw, it may seem as if there is a certain inevitability in the move away from billable hours, and to the development of technology - enabled commodity products.

Firms are primarily trying to figure out how to move away from the billable hour model of practice to systems that better reflect the value of lawyers» services, a topic we discussed in Issue 24.

While there may be a trend towards moving away from the billable hour in favor of flat rates, it's still important that attorneys measure the hours that they're putting in with a particular client in order to determine cost.

You may, for example, be among a new wave of pricing specialists who have joined law firms to help steer them through the challenges of shifting from the billable hour to alternative fee structures.

Our profession needs to pay a lot more attention to how we can make our services more affordable, and moving away from the billable hour is a necessary first step towards achieving that goal.

There is no question many who serve this market already have moved away from the billable hour very successfully though.

Law firms, take note: every tiny step away from a billable - hour system for charging clients is also a tiny step towards the inevitable day when you'll have to buckle down and actually figure out what your lawyers are worth to you and to your clients.

2006 January «Liberating Yourself from the Billable Hour» by R. James George, Jr. (ABA Litigation) >> READ ARTICLE

What's happening is you're taking them away from billable work, which, in many cases, directly ties to their compensation.

First and foremost, this approach demands that law firms diverge from the billable hour model.

When senior female lawyers are asked to mentor junior associates, time is taken away from their billable hours in a scenario that already sees women clocking fewer billable hours and contributing more hours to non-billable but essential firm functions.

They're ridding offices for communal work spaces, finally moving away from the billable hour, and slashing redundant support staff.

From the article, here's how the legal world might look if the trend away from the billable hour continues:

So why have so few taken advantage of this power to move away from the billable hour (and also to require the staffing and promotion of minorities and women — different topic for a different glog, but I couldn't resist)?

Should more legal work deviate away from the billable hour?

As many in the legal industry are shying away from the billable hour, we are racing towards it head on.

Lawyers and clients should work together, but in order to do so, the emphasis has to move away from the billable hours.

Rather than doing away from the billable hour completely, attorneys should consider using fixed - fees where possible, even during full - representation, and then cutting their minimum - increment to 3 - minutes on their remaining billable hours.

I think once people start pricing away from billable hour more and more and once clients get more comfortable on rewarding value, in a way that somebody might make more than they would if they were billing by the hour if they're efficient and they can add that value.

For a while now, clients have recognized that a shift away from the billable hour would increase efficiency and the quality of legal services.

The realization rate is the percentage of actual income paid to the firm from the billable hours of each timekeeper.

The winner gets his or her choice of any item from The Billable Hour.

Utilizing such data means small firm lawyers can gradually move away from the billable hour without the worry of wondering if they are not charging enough.

For starters, blogging takes plenty of effort, which can detract from billable work.

The switch from billable hours could affect law firm attorney salaries.

However, and from what I am reading from the report, and although it is long overdue, it is going to be a tough and long transition period for the profession to shift from billable hours to MATs.

When we discuss gender equality at law firms, we look for all kinds of reasons why women don't advance, from the billable hour to lack of work / life balance to less - successful rainmaking skills.

What is taking you away from the billable time?

Despite the perceived benefits of flat - fee billing, most lawyers don't have a clue about how to transition from the billable hour to a flat - fee system.

In an interesting post yesterday, Shepherd wrote that lawyers remain obsessed with how much their services cost, and continue to claim that they can not move away from the billable hour to offer fixed prices because of their inability to figure out what a particular case or matter costs.

To be successful at making a change from the billable hour to alternative fee arrangements, lawyers should be clear about the benefits to their clients and the consequences for failing to make the change.

To be successful at making a change from the billable hour to alternative billing methods, you must be clear about the benefits to you and to your clients, and the consequences for failing to make the change.

Boring administration, social media, your own marketing... they can all take your attention away from billable time.

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.

The move from billables to flat fees is not just a practical change; it's a different way of thinking.

Not exact matches

In practical terms, that will free up the design staff to do more creative, speculative work because it will take fewer traditional «billable» hours from the staff to cover the firm's operating costs.

Michael Steele chose to side with pricey Albany political consultants — who succeed only in expending billable hours, not winning elections — rather than the elected leadership of the state party, so I can't imagine Steele was expecting any support from the the state powers that be.

The big appeal for him, apart from «getting away from the daily work pressure» was the chance to think, learn, and have deeper conversations, rather than «worry about booking billable hours.»

Even if the claim has no merit it can still involve thousands of billable hours from the insurance company's lawyers.

Targets range from 650 to 1,850 annual billable hours, with an average just over 1,400.

«Work» in quotes, because far be it from me to suggest that billable hours is a perfect proxy for amount of actual work done.

First, there's some good advice from Larry Bodine that lawyers need to cut back on billable hours... to increase marketing time.

If you have a billable rate... or even if you don't, if you use flat fees, you can still work backwards from that and figure out what an hour of your time is worth.

At the same time, a slightly greater number of firms are setting annual billable hour targets for associates: 49 per cent of respondents, up from last year's 44 per cent.