Law Firm Pricing

Friday Five
Trends in Legal Pricing and Project Management

Practice innovation — at least in terms of pricing, project management and process improvement (the three "P's") — is the focus of the Legal Marketing Association’s P3 Conference, which just wrapped its second year. We asked Steve Nelson to ...

Steve Nelson - June 20, 2014
On Balance by Megan Zavieh
Credit Cards: Worth It to Work It Out

Accepting credit cards is just about the easiest way to ensure clients have no excuse not to pay your bills.

Megan Zavieh - June 18, 2014
Five Questions About Fixed Fees You’re Afraid to Ask

All it takes is a quick eye-popping view of Riverview Law’s television campaign to understand the disruptive force of this InnovAction Award-winning U.K. firm. For law firms stuck on the billable hour, it's likely to be indigestion-inducing. ...

Andy Daws - March 21, 2014
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What I Learned at the First P3 Conference

If you like this sort of thing (and I really do), the P3 Conference was an energizing, cutting-edge event that, for the first time, brought together three traditionally discrete disciplines — pricing, practice improvement and project management ...

Merrilyn Astin Tarlton - October 18, 2013
Pricing
When Potential Clients Ask About Your Fees

In this edition of "Ask the Experts," Legal Marketing Association members Paul Bonner, Stewart Hirsch and Stacy Smith take on the question, "I always have a hard time talking about my fees with potential clients. Do you have any tips?" ... The Editors - September 12, 2013

Compensation: Something’s Not Right Here

It was a 40-timekeeper firm with four name partners. For a long time, a senior partner had been giving his top clients massive volume discounts on top of rate discounts, and then staffing his matters with only the most senior staff. He racked up ...

Russ Haskin - March 28, 2013
Abandon the Hourly Chains and Pitch Clients on Your “Why”

Lawyers have been talking about and wrestling with “alternative billing methods” or “alternative fee agreements” for a decade or more. Recently, however, the conversation has shifted to “value billing.” Well, that’s a concept we can get ...

Antigone Peyton - December 4, 2012
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 ...

Antigone Peyton - October 11, 2012
How Hourly Billing Kills Law Firms

Lawyers have been talking about and wrestling with “alternative billing methods” or "alternative fee agreements" for a decade or more. Recently, however, the conversation has shifted to “value billing.” Well, that’s a concept we can get ...

Antigone Peyton - September 25, 2012
Stop Selling Eight-Tracks and Start Unbundling

When was the last time you bought an entire album of music from a single artist? Most of us create playlists with tracks purchased on Apple iTunes from multiple artists and albums. We create exactly what we want to jive with our moods and ...

Stephanie Kimbro - August 27, 2012
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