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Know Your Alternatives - Wrapping Up the Series

As I mentioned in November, when I started this series, it could hypothetically go on forever. Half of my consulting efforts have been focused on alternative fee arrangements over the past year. There is little doubt that I will continue to post on the...

Published Tue, Mar 2 2010 9:00 AM by RussHaskin

Filed under: Alternative Billing, Risk managment, alternative fee arrangements, fixed fees, Know Your Alternatives
Alternative Fees – Trouble Brewing?

Is the recent dust-up between Kasowitz, Benson, Torres & Friedman and its long-time client Duane Reade Inc. a bad omen for alternative fee arrangements or just a call for better management of these arrangements? As you might have read recently , the...

Published Thu, Feb 18 2010 10:16 AM by MichelleStPierre

Filed under: Alternative Billing, Risk managment, success fees, alternative fee arrangements, billing and collections, fixed fees, collect risk
Know Your Alternatives: Internal Ethics

Although this will indicate a piece of my style of humor, one of my favorite movies happens to be Billy Madison with the great Adam Sandler. Not to bore you with the details of the film, but if you are familiar with this piece of cinematic genius you...

Published Wed, Dec 16 2009 1:49 PM by RussHaskin

Filed under: Alternative Billing, Ethics, Firm Culture, blended rates, alternative fee arrangements, fixed fees, Know Your Alternatives, partner compensation
Planning Concepts and a Sneak Peek at the LexisNexis Redwood Planning Application

Planning Overview The LexisNexis Redwood Planning application is a sophisticated management tool that uses a firm's profitability model to look at client planning and alternative choices in the staffing and pricing of new matters as well as the consequences...

Published Thu, Dec 10 2009 6:45 AM by MichelleStPierre

Filed under: Alternative Billing, Leverage, Planning, Pricing, matter planning, blended rates, staffing, alternative fee arrangements, fixed fees, planning application, volume discounts, flat fees, client planning
Know Your Alternatives: The Billable Hour and Sensational Headlines

I woke up this morning and started to read up on the recent news articles as I do each morning. There has been a lot of press around alternative fee arrangements and much of it is needed. What I have not been pleased with is the sensational headlines...

Published Wed, Dec 2 2009 1:10 PM by RussHaskin

Filed under: Alternative Billing, alternative fee arrangements, fixed fees, Know Your Alternatives, project management, billable hour, general counsel
Know Your Alternatives: The Never Ending Series

I realized when I started this series that hypothetically it could go on forever. In previous posts, we have discussed fixed fees, capped, fees, contingent work, value based pricing, retainers, and other alternatives to the standard hour arrangement....

Published Thu, Nov 5 2009 3:38 PM by RussHaskin

Filed under: Alternative Billing, alternative fee arrangements, fixed fees, value based pricing, Know Your Alternatives, retainers, contingent work, ACC, capped fees
Know Your Alternatives: Capped vs. Fixed Fees

In previous posts I have referred to my preference to the fixed fee arrangement . In addition I have also commented that as firms are building their repertoire and gaining trust with clients, capped fee arrangements could be the answer, especially those...

Published Wed, Oct 28 2009 10:51 AM by RussHaskin

Filed under: Alternative Billing, economic outlook, Costs, alternative fee arrangements, fixed fees, Know Your Alternatives, project management, fees, capped fees
Thoughts on the ACC/Serengeti Managing Outside Counsel Survey

The 2009 ACC/Serengeti Managing Outside Counsel Survey , as reported at Association of Corporate Counsel's annual meeting this week in Boston , has some interesting notes which are relevant to what we've been blogging about lately: Predictability...

Published Thu, Oct 22 2009 11:16 AM by MichelleStPierre

Filed under: Alternative Billing, Cash Flow Issues, economic outlook, Inventory Management, Costs, alternative fee arrangements, profitability, billing and collections, client service, fixed fees, retainers, contingent work, legal fees, client satisfaction, associates, legal spending, surveys, ACC
Know Your Alternatives - The Fixed Fee: Setting Yourself Up for Success (Part 2)

In my first post on the fixed fee arrangement I ended with the following paragraph: "Experience and tracking are the keys for long term success. As law firms transition to fixed fee arrangements there will be difficulties and mistakes. It is a cliché...

Published Thu, Oct 1 2009 4:24 PM by RussHaskin

Filed under: Alternative Billing, alternative fee arrangements, fixed fees, Know Your Alternatives, project management
Finding Success With the Fixed Fee Arrangement (Part 1)

To find success in a fixed fee alternative arrangement for both the firm and a client there has to be a solid knowledge base of what the matter entails. This statement really can apply to any alternative arrangement. Therefore with that in mind before...

Published Wed, Sep 23 2009 4:01 PM by RussHaskin

Filed under: Alternative Billing, alternative fee arrangements, fixed fees, Know Your Alternatives
Musings from the Alternative Fee Arrangement Conference

As we work through our " Know your Alternatives " series I will be posting on applicable information gathered through our continued experience with clients and conferences. The Alternative Fee Arrangement Conference held in New York this Wednesday...

Published Thu, Sep 17 2009 4:39 PM by RussHaskin

Filed under: Alternative Billing, alternative fee arrangements, fixed fees, Know Your Alternatives
Know Your Alternatives - The Fixed Fee

To kick off the "Know Your Alternatives" series we'll begin with the pinnacle of the alternative fee arrangements, the fixed fee. Today will address high level thoughts on the topic. There will be more granular follow-up posts on "value...

Published Tue, Sep 1 2009 11:00 AM by RussHaskin

Filed under: Alternative Billing, matter planning, alternative fee arrangements, profitability, fixed fees, Know Your Alternatives

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Know Your Alternatives - Wrapping Up the Series

Alternative Fees – Trouble Brewing?

Know Your Alternatives: Internal Ethics

Planning Concepts and a Sneak Peek at the LexisNexis Redwood Planning Application

Know Your Alternatives: The Billable Hour and Sensational Headlines

Know Your Alternatives: The Never Ending Series

Know Your Alternatives: Capped vs. Fixed Fees

Thoughts on the ACC/Serengeti Managing Outside Counsel Survey

Know Your Alternatives - The Fixed Fee: Setting Yourself Up for Success (Part 2)

Finding Success With the Fixed Fee Arrangement (Part 1)

Musings from the Alternative Fee Arrangement Conference

Know Your Alternatives - The Fixed Fee