Sentences with phrase «traditional firms bill»

The firm is also elevating the role of technology, with Atrium's lawyers working as advisors to Atrium LTS to develop more efficient tools and processes for delivering legal services and for automating low - value tasks that traditional firms bill for on an hourly basis.

Sure, you can still find a few Tyrannosaurus Rex firms feasting on a couple of ostrich - head - in - the - sand clients, but you'll soon find more petrified dinosaur bones than living, breathing, traditional firms billing by the hour.

Not exact matches

The Brooklyn, N.Y., firm is establishing a web - based financial system that will offer free ATMs, automated money management, smartphone bank deposits and free online bill payment with what the firm claims are no hidden fees and far lower costs than traditional banks.

Even if they make partner, conditions can be difficult for women in traditional law firm partnerships: In its 2015 survey of 73 of the country's largest firms, the National Association of Women Lawyers (NAWL) reports that, among other discriminatory practices, men outpace women in obtaining rainmaking credits, and there is a gender gap in revenues generated from client billings, even as women partners report higher working hours.

Traditional law firm billing has become a tedious and dreaded process.

Traditional law firms operate under the same basic business model, called a «leveraged pyramid,» where the money the partners make depends upon the number of hours their associates bill.

The majority of law firm partners favour the traditional hourly rate model as a more accurate way of billing, despite a continued push from clients to use fixed fees and other alternative billing methods, according to Legal Week research.

One example that comes to mind is a lot of firms that do employment law, like management side employment law, they still tend to bill by the hour, have pretty traditional practices.

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.

The traditional hourly billing model literally rewards law firms for inefficiency, and thereby destroys the need for innovation.

It found that most law firms continue to rely on traditional billing for the majority of their work, and law firms are on whole less delighted with alternative fees than the corporate law departments they serve.

But it does mean that lawyers will be working in a global legal marketplace where traditional law firms are no longer the dominant providers and «just knowing the law» and «bill baby bill» won't cut it any more.

Bill Emer, of counsel in the firm's Labor & Employment practice, has more than 40 years of experience in labor and employment law in the areas of traditional labor relations, negotiation of collective bargaining agreements, discrimination, sexual harassment, wrongful termination, class actions, labor and employment counseling, California and federal wage - and - hour counseling and litigation, and the representation of employers before administrative agencies.

I've seen traditional law firms that give clients answers as indecipherable as their bills.

Despite much talk of innovation and disruption only a handful of firms have made the shift to billing structures that are anything other than the traditional «time for money» model.

We have traditional supply — incumbent law firms with little imagination — by the hourly - billing boatload.

Law Firm Suites client and transactional attorney, Jason Huf, also mentioned this article in his recent blog post about «part - time in house counsel» arrangements as an alternative to the traditional hourly billing model.

That's why Lucent Law still offers comprehensive legal services in the traditional law firm model — although we remain committed to reasonable and clear legal fees, even with matters that are billed on an hourly basis.

Ways to charge clients beyond the traditional hourly billing approach have become part of the continuing evolution of how law firms manage their operations.

In that sense, several trends converge to paint a picture of greater buyer control over the supply chain: the growing role of procurement in legal buy, the material shift of work away from firms to in - house, new approaches to disaggregation across traditional and alternative service providers, and increasing in - house oversight of budgeting, reporting, billing, and matter management.

The drive toward AI, however incrementally, will likely also mean that law firms are going to have to review their traditional billing model, says Furlong.

Of the survey's 52 respondents, almost half (25) were keen to divert work from law firms; while a substantial 40 % expressed dissatisfaction with the fee requirements of traditional law firms, such as hourly billing, indicating a broad wish to seek other means of legal support.

Additionally, our billing rates, including those of our New York and Washington, D.C., attorneys, are significantly lower than those of the traditional Northeast and West Coast securities litigation defense firms.

As the expectations and standards for proper medical coding and billing procedures become more stringent, medical billing and coding companies are rapidly becoming a vital segment of the national healthcare industry; as a matter of fact, so much so, that traditional medical staffing firms have taken note and expanded their suite of services to include physician coding and billing.