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?
(6) Does your firm have a plan to develop the necessary skills to
implement alternative billing arrangements with specific clients?
Not exact matches
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.
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.