Sentences with phrase «value alternative fee»

Not exact matches

Also identified in the document are potential use cases for cryptocurrencies, such as a more portable, fungible, divisible store of value; trading that can result in capital gains or loss; payments for goods and services; and an alternative route to circumvent high transaction fees to transfer money for domestic or international purposes.

His point is that they have to come up with alternative fee structures that do a better job of matching price to value.

These alternative certification systems are likely to provide alternative means for many individuals to demonstrate and be valued for their skills without a need to attend academic courses, to pay expensive tuition fees, to purchase new textbooks, and to pay for exam / certification costs.

Next, consider the added value of the benefits and rewards you receive, compared to the best available alternative with a lower annual fee or none.

Hell, let's be pessimistic and look at an alternative scenario: Assume they sell the portfolio for EUR 84.5 mio (3 % in fees, and a 12.5 % loss on book value).

Next, consider the added value of the benefits and rewards you receive, compared to the best available alternative with a lower annual fee or none.

In the past such alternatives included shopping catalogs and fee waivers often provide less value than free flights.

Not really, the card has high fees that eat up all / most of the value you'd get from the points, leaving you with better alternatives... Continue reading →

But if you're looking to capitalize on a big sign - up bonus, take advantage of bonus rewards categories or have the option to transfer points to potentially increase their value, you're better off checking out an alternative no - annual - fee card with a far better earning scheme.

, author Tim Bratton notes that despite all of the discussion about alternative fee arrangements, the focus of in - house counsel continues to be on billable hours as a standard for measuring «value,» even while all involved seem to concede that time does not actually equate to value.

The client needs to understand why it helps them to agree to alternative fee arrangements and to let the firm know what their needs are and what they value.

Other improvements include additional alternative fee arrangements, group portfolio pricing along with the addition of success / bonus fee values, an enhanced ability to search for specific matter plans, new margin percentage columns in the forecast screen and forecast locking to prevent multiple users from updating a plan at the same time.

You need to increase the value of your legal services, which probably means reduced fees and alternative billing methods.

They are doing cost / benefit and risk analyses, undertaking RFPs and are demanding more affordable legal services and alternative fee arrangements (e.g., flat or fixed fees, blended rates, phased fees, fees with a collar1, value fees, etc.).

's clients can choose to utilize alternative fee arrangements such as fixed costs, capped fees and / or «value billing» (or a mix of all three).

Ken Callander shocked some of the audience by describing alternative fees, including those for litigation: «In my practice, I work with companies» in - house departments, moving them off hourly fees and on to value - based fee arrangements.

I am thrilled to announce the publication of my book, Alternative Fee Arrangements: Value Fees and the Changing Legal Market.

Last month, I wrote about the fact that hourly billing isn't going away, no matter what the industry predictors say about alternative fees, new ways of showing value, and new paradigms for delivering legal services.

Among the topics on the agenda are new model law firms, the challenges of diversity, the consumer law revolution, the future of managing partners, and the nuances of value and alternative fees.

''... The real value of alternative fees [paying a lawyer on any basis alternative to hours - billed] is to incentivize a re-design of workflow that (i) increases quality, (ii) speeds up delivery, and (iii) decreases cost.»

And because they don't know how to value them they're not able to determine whether or not an alternative fee from a law firm is a good deal.

Through the use of these tools, firms can predict outcomes and timelines of litigation, likelihood of success and other information that can be utilized to assist in setting alternative fee arrangements and other value - added applications.

Unlike the bill by the hour lawyers who even bid alternative fee proposals by using estimating the number of hours a matter would take and then padding the final number, plaintiffs lawyers value a case by thinking through such things what's the case worth vs. how long it will likely take to get a settlement or verdict and who is on the other side.

So, even if you're not quite ready to make the change to value - based billig, perhaps it's time start thinking about alternative fee arrangements.

The general theme is this: hourly billing frustrates clients; firms need to find new ways to add and show value — and the best way is through alternative fee arrangements that clients are gravitating towards in droves.

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 arrangemeValue 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 arrangementFee Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangemevalue billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangementfee,» «contingency,» or «hybrid» fee arrangementfee arrangements).

This essential guide also provides real case studies of business lawyers and firms successfully using alternative fee arrangements to deliver value to both the clients and the lawyers.

• Barrier: It requires change — working smarter, not harder • Redefining «quality:» Successful projects delivering compelling value • Key clarification / recognition: • Alternative Fees ≠ Less Revenue

she asked, referencing the revolution around value - based billing, alternative fee arrangements, and disaggregation of legal services.

The Pricing section — one of eight in the survey (Transition & Change, Clients & Value, Lawyers, Growth, Succession Planning, Pricing, Economic Performance, The Future)-- is divided into three categories: Billing Rates, Pricing Discounts, Alternative Fees.

One litigation firm, Valorem Law Group, offers online resources to enhance collaboration and case management, alternative fee structures, and a «Value Adjustment Line» on all invoices, enabling the client to adjust the firm's fees if they choose to do so.

ACC has published a 2010 «Value - Based Fee Primer,» available for reading at http://www.acc.com/valuechallenge/index.cfm, that has some interesting fee rate statistics and alternative arrangements for retaining outside counsel other than traditional «by the hour» retentioFee Primer,» available for reading at http://www.acc.com/valuechallenge/index.cfm, that has some interesting fee rate statistics and alternative arrangements for retaining outside counsel other than traditional «by the hour» retentiofee rate statistics and alternative arrangements for retaining outside counsel other than traditional «by the hour» retentions.

It is a risk, but a small one, and will give you the opportunity to start thinking along the lines of fixed pricing, subscription models and the king of alternative fees: value pricing.

Simply defined, value - based pricing can mean any number of alternative fee arrangements — including those based on milestones or stages (not tasks), settlement or outcome bonuses, and tiered contingency rates.

2000 May «Alternative Fees for Litigation: Improved Control and Higher Value» by James Shomper and Gardner Courson (ACCA Docket) >> READ ARTICLE

Patrick is the author of Alternative Fees for Litigators and Their Clients, advocating value pricing for law firms.

If you're one of those nimble firms and are considering a move toward alternative fee arrangements, take a few lessons from agile change management practices: • Begin your transition with a sprint — a quick project with limited scope • Focus early sprints on low - risk changes with the potential for high - value results • Focus early sprints on a small group of workers and roll them out in waves to the rest of the workforce; this provides the chance to learn enough from each iteration to improve the next.

«How to Create Alternative Fees that Provide Value» Association of Corporate Counsel Annual Meeting Presenters: Eric Cohen, Terex Corp.; Domenick DiCiccio, AIG; Joan Humes, Medtronic; Todd Silberman, Mesilla Valley >> PRICING PRESENTATION

The question then becomes whether these services can be bought smartly: you can fix fees, disaggregate the work and push parts to alternative service providers, and you can build long term relationships with law firms to create more value.

You're right that discussions around value billing seem to be dominated by simply creating alternative fee structures or reducing the price.

Corporate clients in the current buyers» market are increasingly demanding lower, fixed prices and value - based Alternative Fee Arrangements («AFAs») in lieu of hourly billing — making law firms bear the «risk of loss» in uncertain but complex litigation and transaction matters — even as the costs of running law firms continue to climb.

We believed that alternative fees and not hourly billing, combined with «skin in the game» (holdbacks or bonuses) and empowering clients to rewrite bills so the invoice reflected the client's judgment of the value we provided were the means to achieve those objectives.

However, there has been much slower progress in terms of value and there is still a disconnect between appetite for alternative fee arrangements (AFAs) and uptake.

Kimberly has developed and implemented business strategy and process improvements, managed the successful integration of legal teams, and applied market data and performance metrics to set billing rates, negotiate alternative fee arrangements, optimize staffing levels, and increase client value.

There's been a lot of talk over the years of the importance of law firms stepping up to offer added value, alternative fee arrangements, and better relationship management to clients.

Calling alternative fees «ludicrous,» Luftspring said nowadays clients are more concerned about how much value they can get from legal services so it's important that lawyers have that conversation with clients at the outset.

«I have also driven my outside counsel more toward value propositions that rewards true value (alternative fee arrangements) rather than just discounts to hourly arrangements.

Because the real value of alternative fees is to incentivize a re-design of workflow that (i) increases quality, (ii) speeds up delivery, and (iii) decreases cost.

You'll get no objection here on the shift to alternative, especially value, fees.

«If you hold a cash - value policy long enough, it can compete with alternative investments of comparable risk,» says Glenn Daily, a New York City fee - only life - insurance consultant.