Download or read book Alternative Fee Arrangements and Their Role in the Disruption of the Traditional Legal Pricing Model written by Dominik Wagner and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern law firms operate in a very competitive and saturated market - this also led to a recent fundamental change in their pricing proposition. The traditional model based on hourly billing is now challenged by Alternative Fee Arrangements (AFAs) which base their price not on the amount of hours lawyers spend on a legal prob-lem, but rather on the actual outcome and result - this is the value pricing model. This paper aims to provide an introduction of AFAs as disruptors of the legal industry along with challenges regarding their practical implementation in Germany.

Download or read book Survey of Law Firm Policies on Alternative Pricing of Legal Services 01 2014 written by Primary Research Group and published by Primary Research Group Inc. This book was released on 2014 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 80-page study presents the results of a survey of 35 (mostly larger) law firms from the USA, the UK and Canada with a mean of 63 law partners. They present their opinions on dealing with corporate cost control pressures, holdback arrangements, discounts for pre-paid services, fixed or capped fee arrangements and other forms of alternative pricing of legal services. The report gives highly detailed and precise data enabling firms to answer questions such as: what percentage of firm revenues derive from specific forms of alternative pricing? How fast is alternative pricing spreading? What percentage of firms practice or consider practicing certain alternative pricing models? How much have firms spent to study alternative pricing models? How have firms altered their manpower deployment practices in response to pressures to lower costs? What percentage of clients have proposed non-traditional pricing structures?

Download or read book Alternative Fee Arrangements written by Patrick Lamb and published by Ark Group USA. This book was released on 2010 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Alternative Fees for Litigators and Their Clients written by Patrick J. Lamb and published by American Bar Association. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of non-hourly fee arrangements by lawyers and the demand for those arrangements by clients is increasing. How are you and your law firm addressing this threat to the billable hour? Are you prepared for the systemic changes needed when value is not measured in six minute increments? Alternative Fees for Litigators and Their Clients addresses how attorneys can implement and evaluate alternative fee arrangements in litigation matters. Written by a trial lawyer with over 30 years of experience, this essential guide offers lessons, insights, and practical tips that the author has learned during his firm's long-term experiment with alternative fee arrangements.

Download or read book Alternative Fee Arrangements written by Patrick J. Lamb and published by . This book was released on 2010 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Winning Alternatives to the Billable Hour written by Mark A. Robertson and published by American Bar Association. This book was released on 2008 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This newly revised third edition of the highly acclaimed Winning Alternatives to the Billable Hour: Strategies that Work, provides you with tools you can use in your practice to implement and evaluate alternative billing methods, including real case studies of lawyers and firms successfully using alternative billing to deliver value to both the client and the lawyer.

Download or read book Law Firm Pricing and Legal Procurement written by David Falstein and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research paper speaks primarily to lawyers so that law firms may become more effective in pricing legal services and meeting clients' growing demand for alternative fee arrangements (“AFAs”). First, the paper discusses core procurement concepts to shed light on the goals of the function. This background will help law firms better understand their corporate clients' demands. Second, the paper discusses pricing strategies employed by other professional services providers to suggest alternative approaches for law firms. Finally, based on this research, I provide law firms and legal procurement professionals an alternative framework for crafting AFAs that more effectively balances risk between parties. The goal is that these insights will lead to more frequent use of AFAs in the industry as well as more creative methods of implementation. Successful AFAs should provide clients greater cost predictability and provide law firms a better understanding about the client's definition of success in each engagement, improving overall satisfaction with the law firm.

Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

Download or read book Practical Innovations in Legal Pricing written by CORCORAN and published by . This book was released on 2017-07 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of the best practices in innovative pricing functions, ​offering insight into newest effective approaches to pricing that top firms are undertaking.

Download or read book Beyond the Billable Hour written by Richard C. Reed and published by . This book was released on 1989 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Alternative Fees for Business Lawyers and Their Clients written by Mark A. Robertson and published by American Bar Association. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of alternative fee arrangements by lawyers and the demand for those arrangements by clients is increasing. How are you and your law firm addressing this threat to the billable hour? Are you prepared to recognize that value is not measured in one-tenth-of-an-hour increments? Alternative Fees for Business Lawyers and Their Clients addresses how large firm, small firm, and solo lawyers can implement and evaluate alternative fee arrangements in transactional matters. 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.

Download or read book Conditional Contingent and Other Alternative Fee Arrangements written by Steven A. Lauer and published by . This book was released on 2000* with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work reviews the range of options available in the US for legal fee arrangements, providing an insight into the ever-changing practices across the Atlantic. It covers different types of alternative fees, obstacles and overcoming the hurdles.

Download or read book Law gile TM written by Amanda R. Braun and published by . This book was released on 2015 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: For centuries, lawyers have billed for their services in units of time, but with the current economic climate and consumer-driven market, clients have begun to demand flexible and more competitive pricing for legal services. The author of this paper posits that project management tools can assist lawyers in making the transition to a new structure and pricing models. The paper provides a case study, based on a boutique law firm's transition from the traditional model of offices, paper files, and billable hours to an open-space work environment, stand-up meetings, alternative fee arrangements, and constant, focused collaboration based on several project management methodologies.

Download or read book The Lawyer s Guide to AFAs and Value Pricing written by Laura Slater and published by . This book was released on 2014 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Ethics and Professional Responsibility for Paralegals written by Therese A Cannon and published by Aspen Publishing. This book was released on 2024 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: "College-level textbook on ethics and professional responsibility"--

Download or read book Glass Half Full written by Benjamin H. Barton and published by Oxford University Press. This book was released on 2015-05-15 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The hits keep coming for the American legal profession. Law schools are churning out too many graduates, depressing wages, and constricting the hiring market. Big Law firms are crumbling, as the relentless pursuit of profits corrodes their core business model. Modern technology can now handle routine legal tasks like drafting incorporation papers and wills, reducing the need to hire lawyers; tort reform and other regulations on litigation have had the same effect. As in all areas of today's economy, there are some big winners; the rest struggle to find work, or decide to leave the field altogether, which leaves fewer options for consumers who cannot afford to pay for Big Law. It would be easy to look at these enormous challenges and see only a bleak future, but Ben Barton instead sees cause for optimism. Taking the long view, from the legal Wild West of the mid-nineteenth century to the post-lawyer bubble society of the future, he offers a close analysis of the legal market to predict how lawyerly creativity and entrepreneurialism can save the profession. In every seemingly negative development, there is an upside. The trend towards depressed wages and computerized legal work is good for middle class consumers who have not been able to afford a lawyer for years. The surfeit of law school students will correct itself as the law becomes a less attractive and lucrative profession. As Big Law shrinks, so will the pernicious influence of billable hours, which incentivize lawyers to spend as long as possible on every task, rather than seeking efficiency and economy. Lawyers will devote their time to work that is much more challenging and meaningful. None of this will happen without serious upheaval, but all of it will ultimately restore the health of the faltering profession. A unique contribution to our understanding of the legal crisis, the unconventional wisdom of Glass Half Full gives cause for hope in what appears to be a hopeless situation.

Download or read book Law of Lawyering written by Hazard and published by Wolters Kluwer. This book was released on with total page 2774 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law of Lawyering shows how to approach concrete problems that arise in everyday practice while staying within the letter and spirit of the ABA Model Rules of Professional Conduct. It provides the full text of each Model Rule provision in sequence, followed by the authors' guidance and commentary, which put the rule into context, help identify its key features, and show its relation to other Rules and the ALI's Restatement of the Law Governing Lawyers. Clear, realistic examples demonstrate how each Rule applies in practice. Substantially revised in this two-volume Fourth Edition to reflect the recent revisions of to the Model Rules of Professional Conduct, this essential book reflects the latest developments in the law governing lawyer conduct, not only lawyer discipline, but also legal malpractice, suits for breach of fiduciary duty, fee-dispute litigation and fee forfeiture, and disqualification of counsel for conflict of interest.