Legal Research

"Lawyering: Why Not Invoice Some Hourly Work Promptly and Every Two Weeks?"

This post was written by Holden Oliver: 

"Billing twice a month keeps the client attuned in real-time to the actual economic demands of the project--and helps the client plan." Sound ideas: Julie McGuire

Real time billing: invoice the client promptly twice a month. Like everyone else, we expect the "future of law" to include different billing alternatives. However, by that we mean the following: billing the same client different ways depending on the difficulty and intensity of the work.

Generally, we see flat fees for "commodity" work. And we believe hourly rates will continue to dominate for complex and novel projects--particularly where the relationships are longstanding and solid between in-house departments and outside law firms.

Case-by-case judgments about "value"--not hours, flat fees, or hybrids--will drive most engagements..."

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Source: What About Clients? 30 July 2010. © 2005-2010 John Daniel Hull, reproduced with permission of the author.

Full post as published by Stark County Law Library Blawg on August 03, 2010 (boomark / email).