Law Practice
Nov. 3, 2009
If You Pay for Hours, You Get Hours
Jeffrey Carr, Patrick Lamb, Patrick McKenna and Edwin Reeser say fix firm compensation models to fuel value focused legal delivery systems.
FIRM MANAGEMENT
By Jeffrey Carr, Patrick Lamb, Patrick McKenna and Edwin ReeserWe've defined in earlier essays a value focused legal delivery system as one that is based on the true meaning of partnership between law firm and client through sharing of risks and rewards. There are many variants, but the critical element for all of them is there needs to be some portion - if not all - of the fees at risk coupled with a "true up" based on effectiveness, ...
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