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: Law Biz BlogLegal fees - Value is in the eyes of the beholder
By Edward Poll, J.D., M.B.A., CMC
Price and value are clearly not the same when it comes to legal fees. While both are time sensitive (as of any given moment in time), the former generally is set by the seller/lawyer and the latter is generally perceived by the buyer/client. Price can be value, in my opinion, when the client is involved in the setting of the legal fee and price is determined by the value perceived by the client. Some folks call this "value billing."
Full post as published by Law Biz Blog on May 03, 2008 (boomark / email).
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