For years, research has shown that firms are increasingly feeling pressured to reduce rates and / or
offer flat fee billing.
Not exact matches
So desperate are firms to build Supreme Court credentials that many will prepare amicus briefs on a pro bono basis, or
offer flat fees or alternative
billing.
Unlike most law offices, we
offer you a variety of payment options:
flat fees, monthly
billing or hourly rates.
For many lawyers,
flat -
fee billing offers an attractive alternative to the tyranny of the billable hour.
Did you know Bill4Time also
offers flat -
fee billing for your projects and time?
Tarlton's article focuses on four law firms that are reinventing the practice of law through delivering corporate services in unconventional ways,
offering flat fees and other value
billing models, eliminating vestiges of traditional law practice like a partner - associate structure.
We
offer the option of either traditional hourly
billing or a
flat - rate
fee, confident that our strong litigation background will enable us to get the job done quickly.
Fee Structure Lawyers generally
bill by the hour, while in some circumstances
flat fees may be
offered.
In addition to our standard hourly
billing, we
offer flat fees, blended rates, partial contingency arrangements and capped
fees.
But now, tired of subsidizing law firm gravy trains, large corporate clients are forcing firms to
offer alternative
billing arrangements, such as
flat fees, volume discounts and banning new associates from working on matters.
As an alternative to traditional hourly
billing, we
offer flat fees, monthly subscriptions,
fee deferrals and equity compensation.
In a divergence from traditional
billing practices, Paul seeks to fulfill his commitment to accessibility by
offering clients a range of customizable solutions that includes
flat rate
fees, unbundled services, and limited scope representation.
Here's a revelation: clients will care less about the mechanics of your invoice, whether you
bill by the hour, by the word or
offer flat fees based on astrology charts, so long as the value delivered is commensurate with the price paid.
Flat fee billing is growing in use and if your competitors start to
offer that option, you risk losing significant business.
I agree that firms using
flat fees focus their
bills and clients» attention on solutions rather than process but this strikes me as a marketing tactic rather than evidence of a material difference between services
offered.
At heart of the new software are complex mathematical models that help firms forecast what it will cost to perform a certain project, and thereby determine if it makes sense to
offer an alternative
billing arrangement for that project such as a
flat fee.
Depending on your circumstances, the Hart Law Firm
offers hourly and
flat fee billing for its collaborative clients.