Sentences with phrase «relying on hourly rates»

Not exact matches

Modern firms can no longer rely on solely hourly rate billing where the «expense rate» can be uplifted by 50 % to guarantee a profit.

Plaintiff did not submit any billing records, but relied on six charts showing the litigation phases coupled with hourly rates / total hours for each working professional.

Moreover, most clients do not consider discounts or blended hourly rates as alternative fees because they still rely on the billable hour as a metric.

While there are times when reliance on the bright, sparkly firm is needed (i.e., niche company work), solely relying on outside law firms comes with downsides — namely the sizeable hourly rates and the oft unnecessary hours of research that may need to be done and the multiple hands (i.e., the education of associates) that touch each matter.