Time has Come for LPM and Alternative Fees

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This past Friday we were delighted to have Altman Weil Principle Pam Woldow join our Friday Conference call. She came on to answer two major questions.

1. Do companies really expect alternative fee offerings?

2. Are law firms ready to give them what they want?

The hundreds of firms that used to handle legal services for Levi Strauss were most likely claiming “our client doesn’t want alternative fees” right up until the moment that Orrick swooped in with an alternative fee offering and took files away from hundreds of attorneys. Just because you haven’t spoken to your clients about alternative fees, don’t assume that your competitors have done the same.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Adrian Dayton | Attorney Advertising

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