Billable h ours on the way out?
Don’t bill for time spent by first year associates, increase dramatically the time spent on educating young associates and bill only by fixed or flat fees … these are three different approaches to providing more value to clients and greater certainty to the cost of legal services for clients that are highlighted in a current article in the ABA Journal.
Does any or all of these new approaches increase the cost of doing business? Possibly. Do they increase satisfaction of your clients. Definitely. Do they increase your revenue? Quite probably.
These approaches are worth considering and perhaps adopting for your practice.Tags: Cash Flow - Finances, Management, Marketing