Sentences with phrase «traditional hourly billing»

From flat fee payment arrangements to approaching legal matters from a project management perspective, traditional hourly billing models no longer define the legal industry.

Competition for corporate, business and individual clients will cause traditional hourly billing rates to be replaced by variations of hourly billing arrangements, contingency and fixed fee and combination of these alternatives.

Many, though, are actively making considerable strides in reducing their reliance on traditional hourly billing.

Uniquely, Slipakoff offers clients creative and flexible approaches to billing, such as monthly retainers, fixed project fees, or a blend of these approaches with traditional hourly billing.

Subscriptions are a novel idea for the legal industry, with its very traditional hourly billing model.

From flat fee payment arrangements to approaching legal matters from a project management perspective, traditional hourly billing models no longer...

This contingency - fee structure stands in stark contrast to traditional hourly billing, which can be extremely expensive for small businesses and individuals, often preventing them from seeking legal recourse through litigation.

aims to to provide more for less, and has embraced alternatives to the traditional hourly billing model such as fixed fees and costs, subscription services, capped fees and / or «value billing» (or a mix of all three).

aims to to provide more for less, and has embraced alternatives to the traditional hourly billing model.

Lorne O'Reilly, senior counsel at Dow Chemical Canada ULC in Alberta, suggests the drop in reported usage may come down to what people are reporting as an AFA, a factor of familiarity of what's out there or simply the fact that AFAs have been tried, but in a number of circumstances the traditional hourly billing rate provides the best value.

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.

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

On the other hand, some of our clients prefer to work within a traditional hourly billing framework.

Over the 12 - month period ending December 31, 2015, 9.4 percent of matters submitted and processed via the CounselLink solution were invoiced, at least in part, under a fee arrangement other than traditional hourly billing.

One is if the general counsel simply has no interest in doing it, no buy - in, and doesn't believe in anything other than the traditional hourly billing model.

Below are some answers to these questions, and some ideas for a new - look legal business model that is more scalable, and which opens the door to rapid growth that would be unattainable through the traditional hourly billing approach.

In - house legal departments often explore alternative billing arrangements, but they often fail to follow through, falling back instead on the traditional hourly billing model.

We offer a variety of billing strategies — including flat - fee, task - based, value and traditional hourly billing or any combination thereof — to best serve each client.

To truly make an impact in the transactional legal services realm and win significant market share, the Big 4 can transition to flat / fixed fee models and challenge the traditional hourly billing model that still governs the vast majority of BigLaw client relationships.

Over the 12 - month period ending June 2013, 9.7 % of matters submitted and processed via the CounselLink solution were invoiced, at least in part, under a fee arrangement other than traditional hourly billing.

As an alternative to traditional hourly billing, we offer flat fees, monthly subscriptions, fee deferrals and equity compensation.

But it begs the question: is the traditional hourly billing plan necessarily the best way forward for both the clients and the lawyers — especially when so many companies are not yet fully recovered from the recession and their CFO is still scratching and clawing to find cost savings?

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.

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

Over the 12 - month period of 2013, 12.4 % of matters submitted and processed via the CounselLink solution were invoiced, at least in part, under a fee arrangement other than traditional hourly billing.

Over the 12 - month period ending December 31, 2014, 9.4 % of matters submitted and processed via the CounselLink solution were invoiced, at least in part, under a fee arrangement other than traditional hourly billing.

We will discuss with you alternatives to the traditional hourly billing model including models in which our economic incentives are aligned.