I offer part time general counsel services to growing companies as well as fixed fee and
other alternative billing arrangements.
Chrometa — Even with the trend towards flat fees and
other alternative billing arrangements, the billable hour is not dead yet.
If attorneys avail themselves of the advances in computer technology in the past decade or two, they can more easily come up with flat fees or
other alternative billing arrangements — and continue to make a profit, Calloway says.
Not exact matches
Variations of hourly
billings, fixed fee
billing, contingent fee
arrangements and
other forms of «
alternative billing» are no longer merely isolated experiences.
The type of legal work performed for your clients, the nature of your client base, the competitive environment in which your firm practices and the client's perception of the value of the legal work performed will be critical factors in determining whether your firm should volunteer or react to external pressures for
alternative billing arrangements from your clients or as the result of competitive pressures created by
other law firms.
In fact, lawyers who solicit and utilize
other marketing techniques and
alternative billing arrangements may find many disenchanted clients of
other firms receptive to the idea of changing lawyers.
In the simplest terms
Alternative or Special Fee
Arrangements are agreements between a law firm and a client to provide compensation to the firm based on a structure
other than hourly
billing.
The type of legal work performed for your clients, the nature of your client base, the competitive environment in which your firm practices and the client's perception of the value of the legal work performed will be critical factors in determining (a) whether your firm should volunteer or (b) react to external pressures for
alternative billing arrangements from your clients or as the result of competitive pressures created by
other law firms.
Led by the Association of Corporate Counsel's «ACC Value Challenge,» corporate America is increasingly demanding that their outside law firms abandon the entrenched, historic, «cost - plus,» «billable hour» economic pricing model in favor of «
Alternative Fee
Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee ar
Arrangements» («AFAs») and
other «value
billing» approaches (e.g., non-hourly pricing
arrangements such as «fixed fee,» «contingency,» or «hybrid» fee ar
arrangements such as «fixed fee,» «contingency,» or «hybrid» fee
arrangementsarrangements).
Variations of hourly
billings, fixed - fee
billing, contingent fee
arrangements and
other forms of «
alternative billing» are no longer merely isolated experiences.
The type of legal work performed for your clients, the nature of your client base, the competitive environment in which your firm practices and the client's perception of the value of the legal work performed will be critical factors in determining two things: Whether your firm should volunteer; or React to external pressures for
alternative billing arrangements from your clients or as the result of competitive pressures created by
other firms.
Due to its expertise in Attorney Hourly Rate and
Alternative Fee
Arrangement (AFA) or
Alternative Billing Arrangements Pricing for individual Attorneys at over 1,200 Law Firms including the Top 200 by Annual Revenue Size, Magic Circle and
other large regional, middle - market, small and boutique Firms, Valeo has been used as a primary source and cited for articles in the major law and business publications.
Or they refuse hourly
arrangements altogether and insist on fixed or flat fees and
other alternatives to hourly
billing.
• Collaborate with
other departments to finalize and implement complex
billing arrangements such as volume discounts and
alternative fee
arrangements.