The more sophisticated business and corporate clients are insisting that outside counsel
implement alternative billing arrangements in lieu of the traditional hourly - rate billing, which encourages and rewards inefficient performance and management of legal work, and discourages productivity and quick achievement of client objectives.
(2) Do your partners possess the necessary skills to
implement alternative billing arrangements?
Making the changes necessary to successfully
implement an alternative billing system as a replacement for an hourly rate billing system will involve and likely require significant changes in other systems including your evaluation, compensation, training and the practice / work management systems.
(6) Does your firm have a plan to develop the necessary skills to
implement alternative billing arrangements with specific clients?
What is your experience with flat fees — and what advice would you have for those who seek to
implement an alternative billing approach?
Making the changes necessary to successfully
implement an alternative billing system as a replacement for an hourly rate billing system will involve and likely will require significant changes in other systems including your evaluation, compensation, training and the practice / work management systems.
Not exact matches
This newly revised third edition of the highly acclaimed Winning Alternatives to the Billable Hour: Strategies that Work, provides you with tools you can use in your practice to
implement and evaluate
alternative billing methods, including real case studies of lawyers and firms successfully using
alternative billing to deliver value to both the client and the lawyer.
Nicole Auerbach and Patrick Lamb of ElevateNext have been perfecting their skills in
implementing alternative fee arrangements — with a disciplined refusal to
bill by the hour — for an entire decade in full view of the rest of the legal industry.
I've successfully
implemented Lean methods with litigators and transactional lawyers, with hourly
billers and
alternative fee mavens, with true solos and in nationally known firms.
Kimberly has developed and
implemented business strategy and process improvements, managed the successful integration of legal teams, and applied market data and performance metrics to set
billing rates, negotiate
alternative fee arrangements, optimize staffing levels, and increase client value.
• Collaborate with other departments to finalize and
implement complex
billing arrangements such as volume discounts and
alternative fee arrangements.
• Reduced salon energy
bills by 50 % by suggesting and
implementing an
alternative source of energy • Sold salon retail products worth $ 6900 in one day, exceeding sales targets in one day • Scheduled appointments over the phone and oversaw receptionist work to ensure that appropriate follow - up is made • Hired, trained and developed staff • Ensured that staff members were provided with appropriate targets • Liaised with vendors and suppliers • Indulged in suggestive selling in a bid to meet the salon's sales targets