Tuesday, November 24, 2009

The Customer is Always Right

Big Law firms avoid flat fee cases like the plague, while small shop lawyers often live by a flat fee hybrid that is based on stages or pieces of the case. (I write about civil practitioners. Who knows how those wacky criminal folks handle payment of fees.)

Big or small, listen up: according to Hildebrandt's 2009 law department survey, more companies are asking their outside lawyers to ditch the billable hour in favor of flat-fee pricing. More than half the 231 companies surveyed said they have implemented or will implement non-hourly fee arrangements. Another 27 percent said they are considering them.

Advantage, small firms.

The apocalypse is not up on us, although gunner associates may be crapping their pants.

You can argue or pontificate about the wisdom or viability of the flat fee model until you're blue in the face. But its happening, at least for the time being. How long it lasts is anybody's guess. Or the customer's preference.

Heck, change is good and its exciting to try something new. Who knows? You may get the hang of the flat fee.

Anyhoo, enjoy Thanksgiving. We live in a wonderful city, so take advantage. Love those around you notwithstanding their faults. Enjoy some football. And most important, remember those less fortunate, and give something back.

N.B. I love breakfast.

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