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Tag Archives: law firm pricing

Legal Spend Trends:  Big Law Billing Rates Rising

Legal Spend Trends Big Law Rates Rising-header

A new legal spending trends report finds big law billing rates grew notably – pushing a 6% increase in the gap between the top two tiers of law firms, by attorney headcount, from 38% to 44%. Median partner rates at the “Largest 50” law firms – those with more than 750 lawyers – rose to $711 per hour, based on ... Read More »

A Cheat Sheet for 5 Recent Legal Industry Studies

A Cheat Sheet for 5 Recent Legal Industry Studies

The volume of digital information created everyday is eight times greater than that in all U.S. libraries.  It’s daunting to say the least and the legal industry too produces an impressive volume in the form of data, surveys and reports. Over the last few weeks, there have been a flurry of legal industry studies published, and while we haven’t gotten ... Read More »

Predictable: Law Firm’s Invoices Model Mobile Phone Billing Plans

Law Firm’s Invoices Model Mobile Phone Billing Plans

Attorneys can learn a thing or two about billing from an unlikely source, says Hans Gillinger, attorney and founder of the Law Offices of Hans. A. Gillinger, PLC. Mr. Gillinger, who represents families of children with special needs and learning disabilities in California, believes modeling legal bills after popular mobile phone plans that offer “roll over minutes” can be used ... Read More »

Law Firms that Discount have more Past Due Clients 

The Connection between Law Firm Discounts and Past Due Clients

Law firms that discount or write off legal fees prior to invoicing clients, also tend to also have more past due clients. That was one of the most interesting findings from a cross-tab analysis stemming from a law firm billing survey published late last week.  The chart published nearby compares the percentage of past due accounts between law firms that ... Read More »

What are the Going Law Firm Rates by Practice Area?

What are the Going Rates by Law Practice Area

What rates can corporate counsel expect to spend for outside counsel by practice area?  The chart nearby, while complex at first glance, encompasses an enormous amount of data with an at-a-glance view of what the going rates are for legal services by practice area in United States. The data stems from our latest trends report which was released this past ... Read More »

Scribd Friday: State of Legal Pricing

State of Legal Pricing

Each week we scan the web for one piece of content to share with the legal community for a series we call the Friday Share. We’ve posted infographics, presentations from SlideShare and this week, we’re adding a share from Scirbd:  The State of Legal Pricing 2013 by Toby Brown. Published last year, Mr. Brown states legal pricing is “absolutely chaotic” ... Read More »

10 Authentic Tips for implementing AFAs in Legal Billing

10 Legitimate Tips for implementing AFAs in Legal Billing

The alternative fee arrangement or AFA, is one of those recurring trending topics in the legal industry.  It ebbs and flows with arguments on all sides – for, against and undecided. Just ahead of the American Lawyer big law rankings, an article in the Washington Post, which is cited below, made the rounds in news, blogs and social media. We ... Read More »

7 Takeaways from a Geek’s Presentation on Law Firm Pricing

7 Takeaways from a Profitability Geek’s Presentation on Law Firm Pricing

The better law firms are at pricing the better it is for the market.  So said Toby Brown, a law firm pricing specialist and contributor to 3 Geeks and  Law Blog. His comments were provided during an outstanding ABA TECHSHOW session titled, The Changing Face of Large Case Financing & Billing. Lawyers are not comfortable having conversations about fees (both ... Read More »