Entries tagged “Alternative Billing”
Insight Michael Moradzadeh · July 17, 2016
Insight Michael Moradzadeh · July 15, 2016
Insight Yaacov P. Silberman · Michael Moradzadeh · November 14, 2014
Insight 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.
Insight 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.