Hourly Rates and Alternatives

Everyone claims to offer fee structures that are alternatives to the billable hour.  Frequently, these “alternatives” are nothing more than estimated hours x hourly rates, plus “a little cushion.” So clients should ask:

1.  How did you determine your alternative fee?  What metrics did you examine?  What factors did you consider?  What experience did you

I am frequently asked how I go about pricing the handling of a lawsuit.  I am always tempted to answer with the old line, “I could tell you but then I’d have to kill you.” My real answer goes something like this:  “Before talking about how, you need to know why.  Why is it that

The front page of today’s Wall Street Journal contains an article analyzing hourly rate increases amongst lawyers.  After noting that average rates for top-end partners rose to $873, the Journal provides this insight (from TyMetrix data):

On the whole, lawyers last year pushed through the biggest overall annual rate increase, 5.1%, since the recession, when

I got an email today that is proof that mass emailers don’t care a bit about who receives the emails.  The mass email, on behalf of Smart WebParts, offered this enticement:

Smart Time moves timekeeping into a new era, finally offering timekeepers a way to keep up with today’s hypermobile, multitasking work environments. In this