On the flip side, law firms can create efficiencies by working with several companies on targeted legal matters, increasing earning potential even
with flat fee arrangements.
Not exact matches
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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.
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.).
Before you begin an ongoing relationship
with outside counsel, broach the issue of
flat fees or incentivized
fee arrangements.
For example, in my solo practice I try to offer my clients the certainty of
flat fee arrangements, but even
with flat fees I still need to determine how much to charge for a project.
While not a retainer, moving from an hourly to a
flat fee arrangement will allow a lawyer to take in money upfront,
with the potential to avoid trust accounting requirements as well.
With flat fees, capped
fees and other custom
arrangements, the firm is able to flexibly determine the type of representation you need.
With flat fees, capped
fees and other custom
arrangements, the firm is able to flexibly determine the type of representation you need at a price point that makes sense.
Chrometa — Even
with the trend towards
flat fees and other alternative billing
arrangements, the billable hour is not dead yet.
Any new solo has to determine whether to go
with the billable hour, a
flat fee arrangement, or other alternative
fee structures.
Our firm can make
arrangements with you to ensure that while paying our
flat -
fee representation you can still pay your back child support.
Flat - fee arrangements are becoming more common with law practices, but smart attorneys avoid verbal flat - fee agreements, which almost always lead to confusion and disappointm
Flat -
fee arrangements are becoming more common
with law practices, but smart attorneys avoid verbal
flat - fee agreements, which almost always lead to confusion and disappointm
flat -
fee agreements, which almost always lead to confusion and disappointment.
[/ a] In fact, 46.8 per cent of respondents to the annual Canadian Lawyer Corporate Counsel Survey said the billable hour is still the main
arrangement they have
with their primary law firm, followed by a combination of billable hours and
flat fees at 31 per cent.
The court's decision thus neutralizes many of the benefits of the fixed
fee, including administrative ease and shared risk (presumably, if one of the trigger events for withdrawal of the
fee does not occur, the lawyer must refund the
fee, which is not the case
with a standard
flat fee arrangement).
«The hourly rate is still a default setting in many situations but
with many of our boutique firms we do have either
flat fees or some other type of
arrangement.»
Our rates are competitive,
with flat -
fee and contingency -
fee arrangements available in certain situations.
Product offerings might include alternative types of listing contracts such as
flat -
fee or seller - assisted listings, or perhaps affinity
arrangements with other service providers.