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Setting a Dollar Value for Your Legal Services

If you read my post on "How Hourly Billing Kills Law Firms," maybe you’ve been inspired to figure out how to price certain legal services based on their value to a client, not the number of hours you spent. Now all you have to do is figure out what it costs to provide those legal services. Now let’s be honest. Budgeting, cost tracking and other accounting metrics are often ignored by lawyers—regardless of firm size. But with a little investigative work, you’ll get a better handle on your practice and which of your services are actually profitable. ...

Originally published October 11, 2012
Last updated October 19, 2019
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