Make More Rain : alternative fee arrangements, alternative billing

Around the Web - May

MichelleStPierre — Thu, 20 May 2010 13:10:00 GMT

Everyone at Redwood has been busy these past few weeks with the completion and launch of the LexisNexis Redwood Business Development Application , so you'll have to forgive us for being quiet on the blog. We have a lot of content coming your way over...(read more)

Mastering the Basics of Alternative Fee Arrangements

MichelleStPierre — Wed, 31 Mar 2010 17:54:00 GMT

Rising client demand for alternative fee arrangements (AFAs) has forced an increasing number of law firms to move away from the hourly billing model. My colleague Norm Mullock, founder of Redwood Analytics and vice president of product strategy and innovation...(read more)

Around the Web - Business Intelligence

MichelleStPierre — Wed, 10 Mar 2010 17:57:00 GMT

Redwood's BI solution was recently mentioned in an article on Silicon.com called " Five things CFOs must do in IT after recession ." Mike Giles, financial director at international law firm SJ Berwin, a proficient user of Redwood's BI...(read more)

The Gap Between Theory and Application of Alternative Fee Arrangements

DerekSchutz — Tue, 09 Mar 2010 14:00:00 GMT

"There's many a slip 'twixt the cup and the lip" If anyone has read a legal blog in the last year, there is a very high probability that you have read one about Alternative Fee Arrangements and/or pricing. On this site alone we devoted...(read more)

Know Your Alternatives - Wrapping Up the Series

RussHaskin — Tue, 02 Mar 2010 14:00:00 GMT

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...(read more)

Research from the Redwood Think Tank - Alternative Fee Arrangements

MichelleStPierre — Fri, 26 Feb 2010 17:15:00 GMT

Four times per year we host the Redwood Forum, which is a chance for Redwood users to get together online and talk about business intelligence, law firm management and finance, and the role our tools play in that space. The Redwood Think Tank is hard...(read more)

Alternative Fees – Trouble Brewing?

MichelleStPierre — Thu, 18 Feb 2010 18:16:00 GMT

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...(read more)

The Only Profit Driver

RussHaskin — Fri, 12 Feb 2010 13:00:00 GMT

I have spent the better half of the last decade working with firms on the drivers of profitability. If you are knowledgeable on the topic these drivers have many acronyms (e.g. RULES) but for simplicity sake I will list the generally accepted ones below...(read more)

Future of the Legal Industry

MichelleStPierre — Tue, 12 Jan 2010 22:09:00 GMT

I usually post here, and then "tweet" (using our handle @morepartnerinco ) about what I posted. Today I just have a quick post, to direct you to some activity earlier on Twitter about the future of the Legal Industry. Our colleagues over at...(read more)

Know Your Alternatives: External Ethics

RussHaskin — Tue, 22 Dec 2009 18:07:00 GMT

Last week I had the pleasure of being a presenter on a webinar held by the Center of Competitive Management that focused on the ethical considerations of alternative arrangements. It is a topic that has not been given proper attention as AFAs continue...(read more)

Bankruptcy Practices at Odds with the "Story of the Year"

BoYancey — Mon, 21 Dec 2009 17:48:00 GMT

Bankruptcy lawyers have been quite busy this past year, and firms have enjoyed exceptionally high billing rates for many pieces of work . This isn't surprising; in the wake of last year's economic crisis, many companies have sought protection...(read more)

Know Your Alternatives: Internal Ethics

RussHaskin — Wed, 16 Dec 2009 18:49:00 GMT

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...(read more)

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

MichelleStPierre — Thu, 10 Dec 2009 14:45:00 GMT

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...(read more)

Know Your Alternatives: The Billable Hour and Sensational Headlines

RussHaskin — Wed, 02 Dec 2009 18:10:00 GMT

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...(read more)

Know Your Alternatives: This is Not the Time to Hold Back

RussHaskin — Mon, 23 Nov 2009 20:07:00 GMT

In earlier posts I have emphasized the need for establishing a process around alternative fee pricing, tracking, and execution . To do this you have to understand your culture and have the right people in place and the right partners on board. I want...(read more)