Sentences with phrase «hourly billing arrangements»
Perhaps not that surprising; however, as hourly billing arrangements encourage wasteful working habits.
aderant.com
Competition for corporate, business and individual clients will cause traditional hourly billing rates to be replaced by variations of hourly billing arrangements, contingency and fixed fee and combination of these alternatives.
Variations of Hourly Billing: Law firms structure hourly billing arrangements to take into account the marketing aspects of their charges by deviating from straight hourly rate charges.
You get paid more money the more hours you work on a file under hourly billing arrangements, so the temptation to over-work a file is there.
And, unlike other firms that are too often constrained by hourly billing arrangements, we provide singular attention to all of our cases because our clients» success is our success.
Though the study reports that most 87.1 percent of companies pay for legal services through hourly billing arrangements, companies are requiring outside counsel to set budgets, particularly for litigation, transactional or IP work.
Shields points out that in an hourly billing arrangement, this kind of conduct will drive up the bill and the client will be stuck paying the costs at the end.
Firms working on contingency may be forced to move to hourly billing arrangements to ensure they have sufficient cash flow to pay taxes.
Under an hourly billing arrangement, the client assumes the risk of this.