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Legal Fees Client Services Legal Project Management

UnitedLex

Saving Money Through Smarter Legal Invoice Processes

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Effective invoice management not only ensures that organizations pay for the services they need but also enables them to reinvest savings into initiatives that drive further growth....more

Nextpoint, Inc.

The Business of eLaw: How to Recover Costs and Get the Most Out of Your Technology

Nextpoint, Inc. on

Recovering discovery-related costs from clients can be a challenging feat for many law firms. There are several schools of thought on how attorneys should deal with costs that are incurred while working on a client’s behalf,...more

Ballard Spahr LLP

Key Takeaways From the True Value Partnering Institute (TVPi) Intersect 2020

Ballard Spahr LLP on

Last month, I had the pleasure of attending the sixth annual True Value Partnering Institute (TVPi) conference in Miami. TVPi is a consortium of pricing and legal project management professionals who meet regularly to discuss...more

Casetext

A Robot Walks Into a Courtroom

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Today we are honored to present our conversation with Richard Susskind, one of the worlds leading intellectuals on technology in the law and the future of work. Dr. Susskind is also the author of some of the best-known books...more

WilmerHale

The Art of Projecting Budgets for Litigation Alternative Fee Arrangements

WilmerHale on

Predicting the future has become a critical skill for lawyers—at least when it comes to budgeting for case work. Clients want as much certainty as possible for planning and allocating legal expenses, which inherently carry...more

Timothy Corcoran - Corcoran Consulting Group

Pricing Legal Work is a Two-Way Street

In any market, effectively pricing any goods or services requires an understanding of the buyer’s perceived value. When the buyer has no idea of the value of a given task, and no idea how to measure the quality of service...more

WilmerHale

5 Questions To Ask Before Entering Joint-Representation AFA

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One growing trend is for clients to enter into alternative fee arrangements in which one law firm represents multiple parties who “share” fees and costs in a related matter. For example, a law firm might represent...more

WilmerHale

5 Questions All AFAs Should Answer Clearly

WilmerHale on

There are numerous ways in which the terms of an alternative fee arrangement are documented, ranging from a simple email exchange between client and outside lawyer to lengthy addenda to the retention agreement. While no...more

WilmerHale

5 Questions Firm Should Ask Before Approving Litigation AFA

WilmerHale on

Alternative fee arrangements provide great opportunities for law firms to partner with clients and strengthen relationships. However, not every matter may be appropriate for an alternative fee or in the law firm’s best...more

WilmerHale

5 Questions To Ask Firm Before Accepting A Litigation AFA

WilmerHale on

In-house attorneys routinely receive, review and compare alternative fee arrangement proposals and nearly all law firms regularly submit them, but the parties often do not follow a disciplined approach in developing a...more

WilmerHale

5 Questions To Ask Client Before Proposing A Litigation AFA

WilmerHale on

An alternative fee arrangement is frequently required as part of a law firm’s response to a client’s request for proposals to handle new litigation matters. In-house attorneys routinely receive, review and compare such...more

Robins Kaplan LLP

Using Alternative Fee Arrangements to Redefine Your Bottom Line

Robins Kaplan LLP on

In 1958, the American Bar Association (ABA) published a pamphlet recommending that attorneys track and keep detailed records of their time. For better or for worse, legal work has since been measured by the “billable...more

Stinson LLP

Legal Project Management, The Greatest Thing Since Sliced Bread?

Stinson LLP on

We have all heard the expression the "greatest thing since sliced bread." It is believed that this phrase was first used by Wonder Bread® in 1930 to hype its new product of pre-wrapped, pre-sliced bread. We use it now in...more

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