Sentences with phrase «with alternative billing arrangements»

RH: The law practice of the future will be more virtual and technology - driven with alternative billing arrangements.

Not exact matches

It is your responsibility to inform that person that his or her bill will be emailed to you when your Marriott or Ritz - Carlton Rewards number or email address is attached to his / her reservation unless he / she makes alternative arrangements with a front desk during the stay.

Most of the ideas are fairly obvious — lower starting salaries for new associates combined with increased training, a menu of alternative billing arrangements for clients, creation of client - centric practices such as frequent evaluations and client wikis to keep clients informed.

As the economic model of law firms changes with the rise of alternative billing structures to the billable hour, there may be more room for creativity in providing flexibile work arrangements for lawyers.

If attorneys avail themselves of the advances in computer technology in the past decade or two, they can more easily come up with flat fees or other alternative billing arrangements — and continue to make a profit, Calloway says.

Your partner's responses to the following questions will offer valuable insight about the firm's willingness and ability to «accept and live with» one or more types of alternative billing arrangements.

The ALM report surveyed 141 in - house law departments and 194 law firms on their use of — and satisfaction with — alternative billing arrangements.

Your partners» responses to the following questions will offer valuable insight about the firm's willingness and ability to «accept and live with» one or more types of alternative billing arrangements.

(6) Does your firm have a plan to develop the necessary skills to implement alternative billing arrangements with specific clients?

Chrometa — Even with the trend towards flat fees and other alternative billing arrangements, the billable hour is not dead yet.

In most of our plaintiff's matters, we are willing to explore alternative billing arrangements, with Lightfoot sharing the risk and expense attendant to all litigation.

It is the firm's policy to work with our clients to develop rate structures and billing procedures that are mutually agreeable, including alternative billing arrangements such as fixed or task - based fees, contingent fees and volume - based discounted fees.

With counsel pursuing more and more non-traditional fee arrangements, the percentage of Corporate, General Tax matters having billings under some sort of alternative fee arrangement has risen from 9 % in the last report to 12.5 % in this latest report.

Nicole Auerbach and Patrick Lamb of ElevateNext have been perfecting their skills in implementing alternative fee arrangements — with a disciplined refusal to bill by the hour — for an entire decade in full view of the rest of the legal industry.

One way they are tackling these challenges is by replacing conventional hourly billing with a variety of alternative fee arrangements (AFAs).

The company has announced that it will no longer pay hourly attorney's fees, opting for alternative billing arrangements with select law firms.

Legal departments also need to look at different billing models, such as alternative fee arrangements, how they manage internal versus external spend, the way they manage relationships with their law firms and how they're using technology to drive better outcomes.

For example, some firms have invested significant time and money in developing customized financial reporting producing performance metrics based on client billing, collection, realization, and costs associated with producing work — from task to timekeeper — then used those metrics to determine where the firm can offer more competitive alternative fee, or non-hourly, arrangements.

I can pull together teams of top - flight attorneys with specific skill sets for both large and small deals and can offer clients alternative billing arrangements that are appropriate for their needs and the requirements of the deal.

Carrying over from the last few years is a decline in the use of alternative fee arrangements — 3.2 per cent said AFAs were the billing arrangement they had with their primary law firm / external service provider, which was a slight drop from 4.9 per cent last year and a considerable drop from 12.7 per cent in 2015.

As a practitioner who has recently started a consulting practice with both legal and «less legal» services in occupational health and safety, I thought an alternative billing arrangement would be freeing to both me and my clients.

As Peter Gutelius, an assistant general counsel with RBC, says in the current issue of Canadian Lawyer InHouse: «It depends what title you want to put on it — alternative arrangements or value billing — we have done it and believe it can be applied to any legal retainer.»

For example, I have seen this accomplished with the help of the LexisNexis Juris billing, accounting and financial management software which enabled the firm to produce timely and informative reports based on clients» billing and collection performance, and then using those metrics to determine where the firm can offer more competitive alternative fee, or non-hourly, arrangements.

A powerful rules engine automatically catches billing errors and enforces compliance with outside counsel guidelines, alternative fee arrangements, and negotiated discounts.

Indeed, as we said years ago in the post chronomentrophobia, «from the perspective of the overworked associate or partner, there is nothing wrong with the billable hour fee system that is not very likely to be carried over to any alternative billing arrangements, so long as the firm expects the shift to be made without reducing its income or profits, and the lawyer expects the same income.

• Collaborate with other departments to finalize and implement complex billing arrangements such as volume discounts and alternative fee arrangements.