December 27, 2005
FOR IMMEDIATE RELEASE
Legal Fees: Increasing Fees in 2006
Lawyers have experienced a 5% to 10% increase in revenue during 2005, according to several recent studies. Much of this growth, says Edward Poll, a nationally recognized law firm management consultant and coach to lawyers, has come from increasing hourly rates or acquiring lateral partners rather than by attracting new clients.
Poll addresses both issues in his work. Poll says that revenues can be increased in several ways. Poll’s article on increasing fees published in the Association of Legal Administrators, Boston chapter’s, new publication deals with when and how attorneys can raise their fees. Poll suggests that fees can be increased by 3% to 5% without complaints from clients.
In 2006, lawyers can experience increased revenues and increased profits by focusing on The Business of Law! Poll addresses these issues in his resources for lawyers, his speaking engagements and his consulting-coaching.
Poll is the author of Collecting Your Fee: Getting Paid from Intake to Invoice. (Pub. ABA 2003)