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By Kristin Tyler
August 14, 2018
Many clients prefer the certainty of a fixed fee for legal services. It also has many advantages for law firms so long as they take care in setting their price for clearly defined legal services. That’s where a well-drafted engagement letter is crucial. It helps to ensure you and your client are in agreement as to the work that will be performed for the designated fee. The engagement letter should include the following:
Flat fee billing is growing in use and it’s important for law firms to consider how to incorporate it into their practice. Clients will be appreciative, and it can be very profitable for lawyers. To learn more, read out related posts on How to Set a Flat Fee for Your Legal Services and Talking to Clients about Your Flat Fee.
Using freelance attorneys is a great way to reduce your labor costs and increase your profitability in a flat fee case. For information on how outsourcing can help your firm, read 6 Benefits of Using Freelance Attorneys Instead of Hiring Associates.
Good Info
By Kristin Tyler
July 31, 2018
Setting a flat fee for legal services can be difficult. As discussed previously, there are several factors you should evaluate...
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By Kristin Tyler
July 03, 2018
There are many well-established benefits to flat fee billing, but what holds many attorneys back is determining what to charge for a particular service.
Good Info
By Kristin Tyler
May 29, 2018
All attorneys know the importance of a detailed engagement agreement between themselves and their client.