In my experience so far, the success
of alternative billing arrangements is dependent on a number of factors:
So, we have a ways to go to educate our clients on the benefits
of alternative billing, and a mountain of history to overcome.
Downward price pressure from clients, excessive competition in the market, the rise
of alternative billing methods, and other market factors will force law firms to lower their overhead and drive them toward more cost effective software solutions.
Through the adoption
of alternative billing methods, this integrity can be restored.
It's another big week in the blogosphere for proponents
of the alternative billing systems known as «value billing.»
Much like diving into the blog world, in - house counsel need to take the plunge into the world
of alternative billing arrangements.
Your partners» responses to the following questions will offer valuable insight about the firm's willingness and ability to «accept and live with» one or more types
of alternative billing arrangements.
(2) Select which form, or forms,
of alternative billing arrangements your firm will make available, and what percentage of your firm's legal work you will handle under alternative billing arrangements.
On alternative fees: Clients, not firms, have been the greater barrier to adoption
of alternative billing arrangements, panelists suggested.
Chesler rejected Kalis» comments as unfair, explaining that he had long been a proponent
of alternative billing even before the economy declined.
Your partner's responses to the following questions will offer valuable insight about the firm's willingness and ability to «accept and live with» one or more types
of alternative billing arrangements.
I've heard numerous accounts of corporate counsel who rebuffed suggestions
of alternative billing or other innovations from law firms in favour of doing the things the same way they've always been done.
Select which forms
of alternative billing arrangements your firm will make available and what percentage of your firm's legal work you will handle under alternative billing arrangements.
As the economic model of law firms changes with the rise
of alternative billing structures to the billable hour, there may be more room for creativity in providing flexibile work arrangements for lawyers.
Clients can be skeptical
of alternative billing arrangements when they do not understand how those arrangements will benefit them.
Most of the ideas are fairly obvious — lower starting salaries for new associates combined with increased training, a menu
of alternative billing arrangements for clients, creation of client - centric practices such as frequent evaluations and client wikis to keep clients informed.
Not exact matches
«Small business owners are seeing the number
of alternative sources for financing their companies grow at an unprecedented rate, and while this is a good thing in terms
of increasing access to capital, borrower protections have not caught up,» Mills said last month while introducing the borrowers rights
bill in Washington.
To be sure, Agrawal is best known for her signature line
of underwear, called Thinx, which are
billed as an eco-friendly
alternative to pads and tampons.
«Mark - Up
of H.R. 3996, The Temporary Tax Relief Act
of 2007 and H.R. 3997, The Heroes Earnings Assistance and Relief Act
of 2007,» Hearing Before the Committee on Ways and Means, United States House
of Representatives, November 1, 2007; «Baucus, Grassley Tackle
Alternative Minimum Tax Relief on First Day
of 110th Congress,» Press Release, January 4, 2007; «Easing the Family Tax Burden,» Hearing Before the Committee on Finance, United States Senate, March 8, 2001; «Revenue Proposals and Tax Cuts in the President's Budget,» Hearing Before the Committee on Finance, United States Senate, February 28, 2001; «President's Tax Relief Proposals: Individual Income Tax Rates,» Hearing Before the Committee on Ways and Means, House
of Representatives, February 13, 2001; Jerry Tempalski, «The Impact
of the 2001 Tax
Bill on the Individual AMT,» National Tax Association Proceedings: 94th Annual Conference on Taxation, November 10, 2001.
debt obligations
of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit
of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal
Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury
bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions
The titles
of the
bills are «On Digital Financial Assets» and «On
Alternative Ways
of Crowdfunding.»
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.
Powered by blockchain technology, Telegram Open Network (TON) is being
billed as the next «Visa / MasterCard
alternative for a new decentralized economy,» the company said in a description
of its plans, as reported by WSJ.
As a widely supported
bill to allow local regulation
of gun dealers dies, it's up to the man who killed it to get an
alternative enacted.
States that win waivers to allow
alternative health plans could cut their consumers» premiums by 20 percent in 2020 and 2021, the CBO said in its preliminary evaluation
of Mr. Alexander's
bill.
FICO, the company that created one
of the most widely used credit - scoring systems in the U.S., recently announced it was starting a pilot program to increase the number
of consumers who could be assigned a credit score based on
alternative data, such as utility and phone
bills.
Summary
of the Robin Hood conference: Einhorn, Tepper, Druckenmiller etc [ValueWalk] Profile
of Renaissance Technologies» secretive Medallion Fund [Bloomberg] Reflections on the Trump Presidency, after the election [Ray Dalio] How T. Boone Pickens sits tight in the riskiest
of businesses [NYTimes] The next generation
of hedge fund stars: data - crunching computers [NYTimes] Treasury officials are warning hedge funds could create the next big crisis [Vox]
Bill Ackman's 2016 fortune: down, but far from out [NYTimes] Omega's Einhorn sees Trump's policies boosting stocks [Reuters] Tourbillon's Jason Karp says Trump will make stock pickers great again [Reuters] John Paulson got Trump elected and now has favor to ask [Vanity Fair] Jim Chanos says Valeant was biggest loser ever for hedge funds [CNBC] Credit Suisse said raising $ 2 billion for hedge fund stakes [Bloomberg] Tyrian Investments to close [Reuters] Hedge fund strategies no longer correlated with equity returns [Investing] Female fund managers are a rarity across the globe [Morningstar] This is why
alternatives are worth it [ValueWalk]
The
bill also makes clear that no part
of the exclusion is an
alternative minimum tax adjustment.
In addition, «The Credit Score Competition Act
of 2017,» HR 898 in the House and an expected companion
bill in the Senate, would encourage the GSEs to consider
alternative credit risk scoring models when making mortgage purchasing decisions.
While there are legitimate criticism
of the
bill, including whether the carbon levy is actually «revenue neutral,» the Wildrose Opposition failed to offer any
alternative plan.
On March 11, 2002 during a panel discussion on evolution Meyer publicly told the Ohio Board
of Education that the «Santorum Amendment» was part
of the Education
Bill, and therefore that the State
of Ohio was required to teach
alternative theories to evolution as part
of its biology curriculum.
Bill, people choose to embrace a religion because it offers them a narrative they find more appealing than the
alternatives of which they're aware, not because there is any evidence it's true.
There isabsolutely no public pressure for this
bill (anymore than there was for the
alternative vote, or Lords reform, or any
of the other Lib Dem enthusiasms that have to be pandered to if the coalition is to survive).
People will also be able to get their
bills and receipts emailed to them, which is often more convenient and effective than many
of the
alternatives.
A dairy safety net
alternative formulated by two dairy economists with Ohio State University's College
of Food, Agricultural, and Environmental Sciences is being discussed by lawmakers as a potential compromise to end a roadblock to a new farm
bill.
Chatting during the boat cruise (from left), Brandon Barnholt
of KeHE, a leading distributor
of natural & organic, specialty and fresh products; Kim Jung, a co-founder
of Rumi Spice, which produces saffron products and provides Afghan farmers with an
alternative to growing opium poppies;
Bill Weiland, CEO
of Presence Marketing, who since the early 1990s has been a pioneering marketer and investor in the Good Food sector (that is a Chicago Cubs hat he is wearing); and Chef Paul Virant.
«There has never been a proper consideration
of strategic
alternatives that could deliver greater capacity more quickly and without the enormous
bill.
Assembly Majority Leader Joe Morelle on Tuesday introduced an
alternative version
of a
bill designed to legalize mixed - martial arts in New York in an effort to pass the measure in the final days
of the legislative session.
A
bill expanding the share
of New York public pension funds that can be invested in complex, high - risk
alternative assets such as private equity and hedge funds has been vetoed by Governor Andrew Cuomo.
He also noted a «menu
of palatable
alternatives» has been offered to pay for the offset for the
bill.
The event will draw attention to the expiring Federal Transportation
Bill (End
of 2014) and stimulate discussion
of alternative funding means at the state and local levels.
The tax allowance also appeared in last week's «
alternative Queen's Speech», a collection
of dozens
of firmly right - wing
bills put forward by a small group
of Conservative backbenchers as an attempt to drag the government towards a more classically Tory position.
As NYC Mayor
Bill de Blasio marches confidently toward re-election, a quiet competition is being waged among a handful
of little - known rivals to establish themselves as the undisputed Democratic
alternative to the incumbent.
A refusal by the House to pass such a
Bill conventionally leads to either the resignation
of the Government (unlikely, since there is usually no
alternative Government immediately available) or to a dissolution
of the House and a subsequent general election.
«The numbers are against us and if we face repeated defeats when the withdrawal
bill returns to the Commons, the only
alternative will be to kick over the table and trigger a vote
of no confidence in the Prime Minister, which will likely lead to another general election.
Labour has advanced whenever it has clearly presented an
alternative to the Tories, for example, on the cost
of living, freezing energy
bills and abolishing the Bedroom Tax.
The
bill diverts the majority
of 16 - and 16 - year - old offenders to family court where judges have more leeway to connect offenders with social services and
alternative sentencing programs.
2 p.m., the Committee on Fire and Criminal Justice Services will assemble to make decisions on
bills directing the Department
of Correction to provide a list
of all inmates waitlisted for placement or transfer to
alternative housing, to expand its report on «enhanced supervision housing,» to publish «their rules and regulations regarding the use
of force by staff on inmates,» to post quarterly reports detailing the visitation
of incarcerated individuals, the department's grievance system, and the demographic
of incarcerated individuals in city jails, and to create «an inmate
bill of rights.»
Scotland's most senior law officer, the Lord Advocate James Wolffe, has just given a statement to the Scottish parliament saying that the Scottish government's
alternative to the EU withdrawal
bill will be within the legislative competence
of the Scottish Parliament.
STONE RIDGE, N.Y. >> Members
of SUNY Ulster's Class
of 2018 on Saturday were encouraged by WABC television anchor
Bill Ritter not to be swayed by public officials who live in a world
of «
alternative facts.»