Attorney’s Fee Arrangements can be Creative or Innovative
Generally, people do not like to spend money on lawyers. There are certainly exceptions where clients value the relationship with a lawyer knowing that the services provided and advice given is worth the fees. Ideally, this should be the sentiment from anyone that feels they need a lawyer, even if the advice paid for is to steer you in a more focused direction based on the pros/cons of the claims and issues you are dealing with. But, money is important and decisions cannot be made in a vacuum without understanding associated costs.
I get that not everyone wants to have to deal with the potential unknown of hourly lawyer billing. There are creative or innovative models out there outside of hourly lawyer billing that can be explored in certain matters, but the dynamic of that model has to work for both the client and lawyer. If you are interested in learning a little more about the nuts and bolts of creative or innovative attorney’s fee models where there is a focus on results, performance, or meeting budgetary or target parameters, view the ebook above. Look, there is no one-size-fits-all model. The key takeaway is that creativity can be implemented in a business model so the attorney-client relationship works for both the attorney and the client!
Please contact David Adelstein at firstname.lastname@example.org or (954) 361-4720 if you have questions or would like more information regarding this article. You can follow David Adelstein on Twitter @DavidAdelstein1.