State Bar of Michigan
State Bar of Michigan
home
member area
contact us


    Practice Management Resource Center


 
helpline resources educational center library
Billing Innovations
by Richard C. Reed
Lending Library number: 8
 

Say good-bye to hourly billing
Learn how methods, other than straight hourly billing, can present long-term benefits for your firm. You can gain a strategic edge over other counsel by demonstrating flexibility and imagination in your fee approach; achieve justifiable fees that recognize your legal expertise, as well as your efficiency; and deliver billing solutions that engender client trust and demonstrate a willingness and ability to be more cost-conscious.

Includes the pros and cons of billing methods (a special chapter for litigators, the original skeptics) and sample agreements! If you are trying to decide how to implement a changed approach to billing and pricing, this book will guide you through some of the most important concepts and techniques that cutting-edge law firms are using successfully.

Partial contents
You'll get a recap of the 14 generic billing methods; when to use them; how predictable they are in total fee; their incentives for efficiency; and how the client perceives or recognizes value in these methods.

A detailed discussion on the fixed fee, the favorite alternative billing method, including an
analysis of the process to go through to make certain you consider all the costs in providing your services.

An entire chapter is devoted to litigators, including the 8 steps litigators can take to move away
from straight hourly billing toward some other billing method. Learning to think "in phases" to make it possible to foresee, with reasonable accuracy, the problems and costs associated in a complex litigation matter.

Billing Innovations also includes examples of new billing methods with copies of actual representation agreements used by progressive lawyers.

Borrow this book

 print this page

 

Disclaimer: The State Bar of Michigan Practice Management Resource Center provides the information on this website as a service to its members. The suggestions, opinions, and products presented are not intended as, and do not constitute, legal advice. Due to the rapidly changing nature of technology and the legal profession, and our reliance on information provided by outside sources, the State Bar of Michigan does not warranty or guaranty the accuracy or availability of the content on this site or on other sites to which we link. The State Bar of Michigan will not be liable to any party for damages arising in any way out of the availability, use, reliance on or inability to use the State Bar of Michigan website, or any information provided by or through the State Bar of Michigan website, or for any claim attributable to errors, omissions or other inaccuracies in any information provided by or through the State Bar of Michigan website.