What has been will be again, what has been done will be done again; there is nothing new under the sun…Ecclesiastes Alternative Fee Agreements have been getting a lot of attention in the legal profession as of late. The Zeitgeist, at least in corporate counsel circles, is that the billable hour is finally being challenged … Read more
In the past year, there has been a lot written about alternative fee agreements (including my own article in Lawyers Weekly). More predictability is clearly what corporate counsel want and AFA’s are one path to reach this objective. But once the clock stops running, how do law firms ensure that their bottom line is not … Read more
Join me for a free lunch on how to move away from hourly billing. There is limited space in this workshop so please e-mail me ASAP if you are interested. The program will be held at the Downtown Harvard Club in Boston.
There is a good piece today in Law.com about how law firms are looking more seriously at process management in order to reign in legal costs. It’s all tied into the backlash against the billable hour, a trend that has been growing since the start of the Great Recession. The author writes: Project and process … Read more
I’ve bought real estate, sold real estate and refinanced many times. Each time I complete a transaction, I think to myself, there has got to be a better way to do this. So much energy is wasted on producing paper documents and going through a huge stack of them and signing them one at a … Read more
My latest post on alternative billing and how lawyers can overcome their aversion to ditching the billable hour.