Now, in this panel discussion, we take the next step, as law firm and inhouse representatives explain
how alternative arrangements are developed and tweaked so that both sides can derive value.
Not exact matches
The Group regularly discusses possible
alternative arrangements for Britain in a post-EU world, and analyses
how an exit from the European institutions might be achieved.
Individual Voluntary
Arrangement (IVA) Individual Voluntary Arrangements are an alternative to bankruptcy, whereby a debtor in financial difficulty comes to an arrangement with his creditors on how the debt will
Arrangement (IVA) Individual Voluntary
Arrangements are an
alternative to bankruptcy, whereby a debtor in financial difficulty comes to an
arrangement with his creditors on how the debt will
arrangement with his creditors on
how the debt will be cleared.
Learn
how two agencies provided
alternative living
arrangements for hundreds of cats in barns, warehouses and factories
on Three Things Keeping
Alternative Legal Service
Arrangements From Reaching Critical Mass... and
How You Can Capitalize on Them
Last month, I posted about
how Houston - based FMC Technologies turned to social media site Legal OnRamp to find innovative law firms willing to offer
alternative billing
arrangements.
Clients can be skeptical of
alternative billing
arrangements when they do not understand
how those
arrangements will benefit them.
Whether you bill hourly or use
alternative fee
arrangements, knowing
how much work you're putting into a matter versus
how much you think you should or want to put into it is critical.
Alternative Fees for Litigators and Their Clients addresses how attorneys can implement and evaluate alternative fee arrangements in litigati
Alternative Fees for Litigators and Their Clients addresses
how attorneys can implement and evaluate
alternative fee arrangements in litigati
alternative fee
arrangements in litigation matters.
While all panelists agreed that profitability is most important, each gave different ideas of
how to respond to requests for
alternative fee
arrangements, from fixed fees and discounted hourly rates, to finding opportunities for the firm and their client to «split the difference» when certain milestones are achieved at greater - than - expected margins.
First, there is the increased demand for
Alternative Fee
Arrangements (AFAs): clients don't like billable hours because they prefer to know in advance
how much something will cost.
Alternative Fees for Business Lawyers and Their Clients addresses how large firm, small firm, and solo lawyers can implement and evaluate alternative fee arrangements in transaction
Alternative Fees for Business Lawyers and Their Clients addresses
how large firm, small firm, and solo lawyers can implement and evaluate
alternative fee arrangements in transaction
alternative fee
arrangements in transactional matters.
Embrace the loss of the billable hour, and start thinking about
how you can use your data to set
alternative fee
arrangements
If you are unsure about
how to broach the subject, here are some of the most popular types of
alternative fee
arrangements.
He's transformed
how we approach
alternative fee
arrangements, he knows
how they calculate their rates and therefore we have pretty transparent conversations with firms.
, here are the slides and video from our recent webinar with Daniel Poterek —
How Lawyers Can Easily Offer
Alternative Fee
Arrangements.
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.
What makes a good pricing officer is a solid understanding of
alternative fee
arrangements,
how a law firm works, having a comfort level with spreadsheets, and an understanding of law firm profitability.
Now more than ever, law firms and companies are trying to move to
Alternative Fee
Arrangements (AFAs) for legal work, but navigating
how to put AFAs into practice successfully is difficult.
work can be better tracked so that the law firm has a sense of
how long it takes to complete certain pieces of work so they can better estimate the cost to do the work — especially useful if clients are asking for
alternative fee
arrangements
It was based on objective criteria — based on their rates, their ability to commit to
alternative fee
arrangements,
how they were planning to resource files, and commitment to innovating and changing,» he says.
While some large departments have embraced a phased approach to budgeting for litigation — or using
alternative fee
arrangements where possible such as capped fees, success fees (incentive bonuses), and holdbacks — many are still grappling with
how best to communicate the need for a budget.
There is however now a requirement for any parent applying for a child maintenance assessment to consider
alternatives such as entering into a «family based
arrangement» i.e. agreeing with the other parent
how much maintenance should be paid.