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July 2010 | PRACTICE-BASED ALTERNATIVE FEE ARRANGEMENTS
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FEATURES: PRACTICE-BASED ALTERNATIVE FEE ARRANGEMENTSThe Billable Hour Zombie: Why You Need to Act Now to Avoid an Attack on Your BusinessBy Jessika M. FermVarious factors seriously threaten the traditional hourly billing system—but some easy-to-implement strategies will help you realign. “This Isn't Your Father's Law Firm”—But Maybe It Should BeBy Victor J. MedinaAre you ready for a practical alternative to the “legal services as commodities” trend? Here’s an approach that builds a longtime client family. Make Time Work For You: Handling Cases on a Fixed-Fee BasisBy J. Benjamin StevensThere are multiple reasons why handling cases on a fixed-fee basis is better for both our clients and ourselves. Fixed-Fee Engagements in Litigation Cases: Why and HowBy Michael ShermanMaking the argument for why fixed fees are better than hourly billing, along with practical tips for how to make the switch. Client-Directed Billing: Shifts in Who Defines the Value of Legal ServicesBy Jim Calloway and Mark A. RobertsonMore and more, clients are directing how the value of the legal services they use is determined and many of them are looking at alternatives to hourly billing. From Practice to Business: Flat-Fee Relationship Engagements for Transactional LawyersBy Kevin E. HouchinGetting beyond the hourly billing trap requires admitting there’s a better way—and then acting to implement it.
MANAGEMENTChair's ColumnGetting Creative with Your FeesBy Micah BuchdahlThe creativity can be endless, if you are willing to simply change the way you are used to doing business. How the Recession Has Affected Elder Law FirmsBy Kenneth M. CoughlinA survey reveals the variety of steps that practitioners are taking to counter slumps in their market.
TECHNOLOGYMaking the Most Out of Digital Dictation: Give It a Try and Get More DoneBy Peter A. JonesThe current wave of digital dictation tools offers fresh options when it comes to mobility and efficiency. Best of ABA TECHSHOW – iPhone Tips for LawyersBy Jeff Richardson and Ben StevensThe iPhone can help you become a more productive lawyer, especially if you know how to make the most of it.
FINANCEMaking Alternative Fee Arrangements Work in Corporate LitigationBy Ed PollWhy and how to employ an alternative billing philosophy in which lawyer and client share risk based on the case’s outcome.
MEET THE WOMEN RAINMAKERS!Rosemary TurnerInterview by Shelley CanterThis UPS officer gives back by mentoring young people to pursue their career ambitions. |
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