In the last segment on How To Alternative Bill – I focused on budgets and understanding your costs as they relate to alternative fees. Although related to pricing, that discussion was more about the ability to drive profitability. The market sets prices, but the costs of delivering your services under those prices determines your profits.
Alternative Fees: "How To" do The Budget
Although I see the appeal of the Just Do It crowd, there needs to be some performance metrics when it comes to Alternative Fee Arrangements (AFAs). And all paths on this subject point to The Budget. So for our next “How To” step towards AFAs, we need to dive in deeper on this subject.
Clients and Their Hourly Mindset
We want alternative fees! This has become the new mantra of clients. Alternative Fee Arrangements (AFAs) are all the rage now and rightly so, given the state of things.
But …
I’ve previously noted that clients, in addition to law firms, will need to change to adapt to AFAs. I’ve come to realize this
BigLaw Beneficiaries
De-Leveraging … Again?
A number of recent posts and articles are talking about the de-leveraging of BigLaw. Many of these predict that the other side of the recession will see BigLaw with less associates per partner.
Say what?
There’s all this talk of alternative billing, leveraging technology and changing the way firms do business and somehow they are
Statistical Juxtaposition
Earlier in February, I sat in on a webinar provided by Altman Weil on Alternative Fee Arrangements (AFA). I had planned on getting a bunch of work done while I listened to the same ideas I’ve heard numerous times before. Fortunately, I didn’t get much work done since the program had some excellent content.
Two
The End Of Relevance?
In 1996 I was asked to speak for the Great Lakes Organization of Bar Executives (GLOBE). The group was meeting in Park City and I was a convenient geek to present to them (living in Salt Lake at the time). I was tasked with talking about the future of legal technology and how it might
KM 1984
I came across this PC World article highlighting Google’s Latitude. The title, “Spy on Your Workers,” caught my eye so I checked it out. It explores this new offering and some implications it may bring.
Since KM is about capturing knowledge and then making it easily accessible, Latitude falls squarely on the KM dime.
How to – Step One
Having been taken to task on my How To Alternative Bill post by Ron Baker, I have been making some progress on this effort so it’s time for an update. Ron presses the Just Do It approach. When we just do it, we need to be able to do two things up front.
First
Stretching for KM – the Inauguration
Well I have been out-of-pocket this week since I traveled to D.C. to witness the Inauguration with my lovely wife. We had an incredible time. We had tickets in one of the front sections with seats and actually made it there in time to see the whole thing. We also made it to the reception