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The Best in Legal Answering Services, Law Firm Marketing, and Legal Practice Management Tips.

Alternative Fee Arrangements: Flat-Rate And Fixed-Fee Billing

Alternative Fee Arrangements: Flat-Rate And Fixed-Fee Billing

Flat-rate or fixed-fee billing was how attorneys charged their clients before the advent of the billable hour. Now, t’s making a comeback among both clients and lawyers as the billable hour is under increased criticism for overworking and underpaying attorneys.

Pros And Cons Of The Billable Hour Model

Pros And Cons Of The Billable Hour Model

This fall, we’ll be covering alternative fee arrangements. But before we get to the alternatives, we have to talk about the biggest fee arrangement: the billable hour model. Why is it the most common fee arrangement? And are there better options out there?