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Executive summary and contents
Sample chapter
Here are just some of the things people are saying about Managing Partner's new report - Alternative Fee Arrangements: Value Fees and the Changing Legal Market:
“If you want to understand the nitty gritty details of how non-hourly fees really work, from pricing to project management, buy Pat Lamb’s new book” - Jim Hassett - LegalBizDev
"A complete breath of fresh air", "I would be surprised if investing in it does not yield a very good return for any law firm leader" - Rob Millard - Edge International
"If your law firm wants to give clients the "value fees" that they want, Lamb's book is an excellent starting point"
- Larry Bodine - LawMarketing Portal
Alternative fee arrangements have been a buzzword for some years now. But as momentum gathers and clients finally put their feet down about excessive billing through hourly rates you simply cannot risk being left behind whilst your competitors win over your clients with more personalised alternatives.
Managing Partner’s new report on Alternative Fee Arrangements provides an in-depth look at alternative fee structures and how to make them work within your own firm by aligning culture, behaviour, cost and price.
Key points are illustrated throughout the report with clear examples and practical case studies from firms that are already successfully using alternative fee arrangements.
It reveals why law firms are seeking alternatives to the billable hour, what structures they are using and how to avoid the common pitfalls when implementing them within your own firm.
Key topics covered include:
- The billable hour – where it came from, why it stuck and why the world is changing;
- The link between fee structures and the behaviours they encourage;
- The benefits of alternative fee arrangements for both clients and law firms;
- Alternative fee arrangements from the client point of view;
- An examination of alternative fee structures;
- The process of assigning a value to legal services;
- An introduction to value fees, how to sell them and make them work for you; and
- How to respond to FAQs from clients to ensure they understand value fees.
The report features step-by-step guidance on the specific cultural and behavioural changes that need to be made to ensure success in your firm’s use of alternative fee arrangements.
It also discusses the prevalence of value fees in the legal market today and the impact they will have on your firm’s core business operations.
Ensure you are equipped to compete in a post-recession world, not simply on price but on the value you offer to your clients.
How to order:
Order your copy today and claim your exclusive £70 discount, making it just £225 (plus £7.50p&p)
Click here or contact us on +44(0) 20 7566 8229 / publishing@ark-group.com quoting code MP-W1.
Please visit the Managing Partner bookshop for our full product catalogue.
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