Digby Leigh - Alternative Fee Arrangements for the Legal Industry
Ditching Hourly
00:00
The Incentive Model in Software
In the soft ware space, you're assigned a certain amount of stuff to do, or not stuff to do. In our industry, that's like having time offiy ye, thats th exact same thing. I did a calculation, and it's interesting, but if i looked at our old buillion realization rate of 88, 89%. We showed that more than beyond january, what that means is you get 15 minutes every hour to yourself that you didn't get before. So we've created a system which people on our firm ar on, we calld earned em out. And they get that by hitting their billowing targets, not the recorded time targets.
Transcript
Play full episode
