Sentences with phrase «understanding of alternative fee arrangements»
What makes a good pricing officer is a solid understanding of alternative fee arrangements, how a law firm works, having a comfort level with spreadsheets, and an understanding of law firm profitability.
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Implementing alternative pricing arrangements isn't easy — it takes time and effort on the part of the firm to understand the needs of the client, to develop a fee structure that makes sense for the firm and the client, and to adequately explain that system to the client based upon the client's needs.
Jonathan discusses key developments shaping the market, the increasing prevalence of alternative fee arrangements, regulatory developments, and the growing understanding of litigation funding as an -LSB-...]