Practice Management

The subject that won't die: alternative fees.

By Dan Hull

And you can't ignore it. Thought leaders like Ron Baker, Pat Lamb, Tom Kane and now law firm leaders won't let the topic go way. See, for example, Kane's "Now Is The Time To Consider Alternative Fees". Because of its flexibility in the hands of client-centric lawyers, WAC? still likes the Billable Hour--even though many (if not most) lawyers abuse it out the wazoo. The problem, as we see it, is not the Timesheet, and it never was. Law is now both a trust-based profession and a business. No single system can make that built-in conflict go away. Only individual client-lawyer relationships can. We support any system that aligns as closely as possible the interests of clients and outside counsel. Hourly billing can do that. Alternative fees--value-based, hybrids, whatever you devise--can do it, too. Hey, we're still listening.

Full post as published by What About Clients? on January 28, 2009 (boomark / email).