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The Best Tips & Techniques for Alternative Fee Arrangements for Lawyers
ExecSense, June 2011, Minutes: 60
In The Best Tips, Tricks & Techniques for Alternative Fee Arrangements for Lawyers, ExecSense examines all the practical and tactical issues surrounding the increasingly popular trend of alternative fee arrangements, and the most successful techniques that lawyers can implement to make sure they use the right type of alternative fee arrangement for a particular engagement, understand all of the advantages and disadvantages of different arrangements, and are compensated more than under the traditional billable hour approach. Take the 60 minutes to view this webinar (on your computer, mobile phone, iPad, Kindle or printed out) to understand how you can immediately implement these effective and innovative tips and strategies to satisfy the ever-growing client demand for alternative fee arrangements, as well as grow your practice by working with the increasing group of clients and companies who are only looking to work under this arrangement.
Upon ordering, ExecSense will email you a link to download the webinar files for viewing on your computer, mobile phone, iPod, iPad, Kindle or printed out. The downloaded files will include the PowerPoint presentation, audio narration and jpeg images of the slides (for watching on your mobile media device). Take advantage of your next commute, flight, business trip, lunch, or free hour in your schedule to view this webinar.
The webinar is led by an expert in alternative fee arrangements for lawyers, Keith Brown, the lead business consultant at TyMetrix, and focuses on:
- Everything you need to know in 60 minutes about when to use alternative fee arrangements, how to use them, and using them to get compensated even more than under a traditional billable hour approach
- In-depth analysis of the different types of alternative fee arrangements being used by lawyers right now, including fixed or flat fee arrangements (both for a single case and all legal work for that client), contingency fee arrangements, arrangements based on performance objectives, blended hourly billing rate arrangements, capped fee arrangements, and which alternative fee arrangements work best with different types of legal engagements
- In-depth analysis of the practical and tactical considerations to be weighed before entering into a particular type of alternative fee arrangement with a client, including understanding who bears the burden for different risks (such as cost overruns) and how to structure the alternative fee arrangement so that you have the potential of being compensated even more than under the traditional billable hour approach
- Answers to the ten questions most asked by lawyers about when to enter into alternative fee arrangements, what type of arrangement to use for a particular legal engagement, and how to structure the arrangement so that it satisfies the client and is still economically profitable for the lawyer
- Case studies of other lawyers that are having success with alternative fee arrangements, how it is helping them grow their practice, and important lessons learned from lawyers who failed to structure their alternative fee arrangements properly
Praise for ExecSense Webinars:
'An expeditious way to obtain authoritative current information and ideas on a subject of interest.' – David Kera, Partner, Oblon Spivak
'Just in time information to improve knowledge of current topics and trends.” – Thomas M. Armstrong, Attorney, Reid and Riege
“Well organized, well articulated, and easy to follow. The ExecSense webinar I attended was the best virtual learning experience I've had in quite some time.” – Brian K. Moore, HR Communications, Humana
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