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Entries tagged “Alternative Billing”

Why Traditional Law Firms Reject Flat Fee Billing - Law360 Article by Rimon’s CEO

Insight Michael Moradzadeh Michael Moradzadeh · July 17, 2016
Rimon's Founding Partner and CEO, Michael Moradzadeh, writes about the benefits of flat fee billing for clients, lawyers, and law firms in this article published in Law360. He also shares why the pyramid model of traditional law firms center on hourly billings of associates and junior partners, making flat fee billing and

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Forbes Article by Rimon CEO:  Law Firms Join The Destructive Dance To Higher Associate Salaries

Insight Michael Moradzadeh Michael Moradzadeh · July 15, 2016
(Go directly to article in Forbes here.) In the most enduring and infamous comment from the subprime meltdown, former Citigroup CEO Chuck Prince explained away his company’s disastrous leveraged lending before the crash with the comment that “as long as the music’s playing, you’ve got to get up and dance.”

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Convergence: Growing Dissatisfaction with Biglaw and the Rise of the Alternatives

Insight Yaacov P. Silberman Yaacov P. Silberman · Michael Moradzadeh Michael Moradzadeh · November 14, 2014
Presentation by Rimon, P.C. CEO, Michael Moradzadeh and COO, Yaacov Silberman Evolutions in technology, the economy and business culture are forcing a change in the legal industry. Rimon’s CEO and COO share how Rimon and other alternative legal services companies are changing the way lawyers practice law and how clients are ultimately the

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Charge for Value not Time: Why Alternative Fee Arrangements Make Sense

Insight Michael Moradzadeh Michael Moradzadeh · July 18, 2011

A business is defined by what it sells. A fairly obvious proposition, one would think. Well, then, what is it that law firms sell? The obvious answer should be solutions to legal problems. But, too many law firms are not in the business of selling those services, they are oddly in the business of selling hours.

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Alternative Fee Arrangements

Insight Michael Moradzadeh Michael Moradzadeh · June 30, 2011

The most radical changes in law firm billing which have occurred during the last two years has been the advent of value billing Alternative Fee Arrangements (“AFA’s). These billing arrangements are aimed at destroying or at least seriously maiming the invidious hourly billing process, which creates economic incentives for inefficiency. The hourly rate may be either dead, suffering a lingering death or in a simple state of somnolence, depending only on whether the observer is an optimist, a pragmatist or an ostrich.

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The Life and Death of the Billable Hour

Insight Michael Moradzadeh Michael Moradzadeh · June 13, 2011

The evolution of alternative fee arrangements and value billing.

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