#legal-billing

[ follow ]
#alberto-safra #law-firm-management #law-firm-fees #court-ruling #wilmer-cutler-pickering-hale-and-dorr
Law
fromABA Journal
4 days ago

BigLaw firm faces questions over $35M bill

Alberto Safra challenges a $35 million bill from Wilmer Cutler Pickering Hale and Dorr, raising concerns over high charges and billing practices.
Law
fromAbove the Law
3 days ago

WilmerHale's $35M Bill Comes Under Fire - Above the Law

WilmerHale faces scrutiny over a $35 million legal bill, with a judge questioning the legitimacy of its billing practices.
Law
fromAbove the Law
5 days ago

Lawyer Bills 36-Hour Day As Einstein's Theories Meet Law Firm Management - Above the Law

Advancing AI technology and poor record-keeping challenge the traditional billable hour model in legal practices.
Law
fromAbove the Law
5 months ago

If AI Isn't Perfect, Should Lawyers Be? - Above the Law

Widespread in-house AI adoption is driving demands for efficiency, reduced use of outside counsel, and billing changes that threaten traditional law firm business models.
fromABA Journal
7 months ago

Striking the Balance: How to make alternative fee arrangements work for everyone

Many corporate legal departments and law firms have gone "all in" on alternative fee arrangements, while others have chosen not to adopt them at all. After more than a decade in common use, only an average of 23% of legal work is performed under an AFA despite wide acknowledgement of their benefits. Why does this divide exist? It's not just about financial risk but also execution. The main benefit of implementing AFAs into legal operations is that it simplifies legal billing by shifting the focus from hours worked to value delivered. However, many organizations unintentionally introduce complexities that diminish their effectiveness.
Law
#law-firm-management
fromAbove the Law
11 months ago
Business intelligence

Why Better Billing Statements Can Improve Your Firm's Finances-And Your Client Relationships - Above the Law

fromAbove the Law
11 months ago
Business intelligence

Why Better Billing Statements Can Improve Your Firm's Finances-And Your Client Relationships - Above the Law

more#law-firm-management
Artificial intelligence
fromAbove the Law
11 months ago

Billable Hour Dying So Slowly, You'd Think It's Billing By The Hour - Above the Law

The billable hour remains entrenched despite emerging flat fee alternatives.
Artificial intelligence pressures firms to consider alternatives to time-based billing, but transitions will take time.
[ Load more ]