Rethinking Legal Fees for a Modern, Value-Based Practice
Legal Talk Network - Law News and Legal Topics
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Revolutionizing Legal Billing
This chapter delves into the shift from traditional hourly billing to alternative fee structures in legal practices, highlighting models such as flat fees and value-based pricing. It emphasizes understanding client needs and the importance of implementing innovative billing strategies to ensure cost certainty. The discussion also covers the challenges faced by law firms, particularly larger ones, in adopting these new pricing frameworks.
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