Beyond the Billable Hour - 2010 Teleconference/Audio
2.0 MCLE Credits
(2.0 Law Practice Management)
As law firms struggle to maintain profitability, if not their
survival, in the current economic climate, the debate over the almighty
billable hour has been renewed. Clients are forcing law firms to
explore alternative billing methods, whether they like it or not.
It is not just about saving money. Now is the time for firms
to analyze the different methods and discuss with their clients which
ones make sense.
Budgeting and Incentive Problems; Difficulty Estimating Costs and
Likelihood of Success; Over Promising Resources; The "Tried
and True Billable Hour"
- Determining Whether Alternative Billing is Appropriate for
Firm's Attitude/Commitment; Skills to Implement; Potential for
New Clients; Competition; Practice Areas; Training to Use Alternative
- Forms of Alternative Billing Arrangements
Contingent Fee; Project or Fixed Fee;Variations in Hourly
Billing and Discounting Attorney Rates; Hybrid Fee Arrangements
- How Technology Can Be Used in Alternative Billing
- Responding to RFP's
- When Alternative Billing Arrangements May be Inappropriate
or Impractical for Your Firm
- Ethical and Legal Considerations of Alternative Billing
(Rule 1.5 of the New Rules of Professional Conduct); Implications
for Certain Practices; Disclosures
Joel A. Rose, Moderator
Mark Robertson, Esq.
Brett Scher, Esq.
2010 NYSBA CLE Teleconference/Audio File
This program was recorded on February 18, 2010.