Billing by the hour is an established custom within the legal profession. We always didn’t always do it that way.
Use a personalized cover letter when sending out legal bills to clients. Letters communicate value and appreciation better than an invoice alone.
Are alternative fee arrangements merely hourly billing disguised as something else? Are alternative fees appropriate even in unpredictable matters?
Your pricing strategy is not just an accounting activity meant to balance the books, but a signal of the quality of your work and support for branding.
Unbundled services are an important solution to the shrinking value of full-service legal representation. The Shrinking Value of Legal Expertise and the Importance of Offering Unbundled Legal Services
Many firms–big and small–will embrace alternative fees in the coming years. The trick is to do it well, and not give up the billable hour entirely.
We have re-launched the improved Lawyerist LAB. The transition to a forum will create a home for all things LAB-related including an archive of all topics.
Lots of people criticize lawyers’ tendency towards hourly billing. Which begs the question: do you use alternative billing methods?
Time is simplistic. It is one component of value, but not the whole measure. Think beyond hourly billing.
Attorneys who make lots of phone calls can use MobileArchiver to search calls and text messages.
Good invoices increase the likelihood that clients will pay on time.
BlackBerry users can use ROAM to process credit card payments.
How attorneys can track their time using Toggl, a new piece of software for lawyers.