SlideShare ist ein Scribd-Unternehmen logo
1 von 11
Downloaden Sie, um offline zu lesen
Alternative Billing is a recent
development in the legal
business model designed to
address the astronomical,
and often perplexing legal
fees clients face after
receiving an invoice from
their attorney.
Alternative billing is the
concept that how a client is
billed is something that can
be negotiated at the outset
of the representation.
Attorneys can seek to give an overall
percentage discount of the total amount of hours
billed.
An attorney may always offer a direct
discount off of their hourly rate.
One final possibility is to implement a
“blended hourly rate” where the client
agrees to pay one fixed hourly fee,
regardless of which attorney within the firm
actually conducts the client’s work.
PROJECT BASED/FIXED FEES
A fixed fees is often the
most attractive arrangement
to clients because they offer
a sense of finality and order
to the extent of their
financial obligation to their
lawyer.
A fixed fees is often the
most attractive arrangement
to clients because they offer
a sense of finality and order
to the extent of their
financial obligation to their
lawyer.
A fixed fees is often the
most attractive arrangement
to clients because they offer
a sense of finality and order
to the extent of their
financial obligation to their
lawyer.
A hybrid model of alternative
billing called a “capped fee”
consists of hourly billing and
potentially a fixed fee that arises
where the client will pay an hourly
fee for the case until the hours
collectively reach some agreed
upon amount, which will then serve
as the fixed fee for the entire case,
regardless of the amount of hours
actually worked.
CONTINGENCY FEES
Although contingency fees usually represent
a flat percentage fee of the attorney’s
ultimate recovery or settlement on the
client’s behalf, there is still room for
alternative billing in the contingency arena.
To adjust for the 30-50% fee firms
operating on contingency often charge,
clients can negotiate for a percentage up
to “X” amount, and then anything above
“X” amount will be subject to some lower
percentage going towards attorney’s fees.
www.ThevVictoriaLawGroup.com
Miami: (305) 602-9099
Palm Beach: (561) 342-7310
Sao Paulo: 011-3042-5607

Weitere ähnliche Inhalte

Ähnlich wie Alternative Billing - Business Attorney in Miami

Professional fee funding explained
Professional fee funding explainedProfessional fee funding explained
Professional fee funding explainedClientfinance
 
DOT Certification of Overhead Rates
DOT Certification of Overhead Rates DOT Certification of Overhead Rates
DOT Certification of Overhead Rates Axium
 
Exploring the Pros and Cons of Reverse Factoring: A Comprehensive Guide
Exploring the Pros and Cons of Reverse Factoring: A Comprehensive GuideExploring the Pros and Cons of Reverse Factoring: A Comprehensive Guide
Exploring the Pros and Cons of Reverse Factoring: A Comprehensive GuideM1xchange
 
The ethics of getting paid: fee agreements and trust accounts
The ethics of getting paid: fee agreements and trust accountsThe ethics of getting paid: fee agreements and trust accounts
The ethics of getting paid: fee agreements and trust accountsMinnesota State Bar Association
 
How can knowledge of types of ‘legal funding’ available for dispute resolutio...
How can knowledge of types of ‘legal funding’ available for dispute resolutio...How can knowledge of types of ‘legal funding’ available for dispute resolutio...
How can knowledge of types of ‘legal funding’ available for dispute resolutio...Priya Saggar
 
Alternative Fee Arrangements
Alternative Fee ArrangementsAlternative Fee Arrangements
Alternative Fee ArrangementsNickDougan
 
Alternative Fee Arrangements
Alternative Fee ArrangementsAlternative Fee Arrangements
Alternative Fee ArrangementsNickDougan
 
Alternate Dispute Resolution: The Employers Alternative to Legal Limbo
Alternate Dispute Resolution: The Employers Alternative to Legal LimboAlternate Dispute Resolution: The Employers Alternative to Legal Limbo
Alternate Dispute Resolution: The Employers Alternative to Legal LimboEmployers Resource
 
PPB SURVIVAL GUIDE [89790]
PPB SURVIVAL GUIDE [89790]PPB SURVIVAL GUIDE [89790]
PPB SURVIVAL GUIDE [89790]Carl Huckstep
 
Leasing Presentation
Leasing PresentationLeasing Presentation
Leasing PresentationLeasingExp
 
Cp1230 FSA consultation paper summary: complaints against the regulators
Cp1230 FSA consultation paper summary: complaints against the regulatorsCp1230 FSA consultation paper summary: complaints against the regulators
Cp1230 FSA consultation paper summary: complaints against the regulatorsCompliance Consultant
 
Zola Suite - Minimizing Write-Offs and Maximizing Profits
Zola Suite - Minimizing Write-Offs and Maximizing ProfitsZola Suite - Minimizing Write-Offs and Maximizing Profits
Zola Suite - Minimizing Write-Offs and Maximizing ProfitsDonnamarieStriano
 
Contractor or Employee
Contractor or EmployeeContractor or Employee
Contractor or Employeefkonstek
 

Ähnlich wie Alternative Billing - Business Attorney in Miami (20)

Professional fee funding explained
Professional fee funding explainedProfessional fee funding explained
Professional fee funding explained
 
DOT Certification of Overhead Rates
DOT Certification of Overhead Rates DOT Certification of Overhead Rates
DOT Certification of Overhead Rates
 
Exploring the Pros and Cons of Reverse Factoring: A Comprehensive Guide
Exploring the Pros and Cons of Reverse Factoring: A Comprehensive GuideExploring the Pros and Cons of Reverse Factoring: A Comprehensive Guide
Exploring the Pros and Cons of Reverse Factoring: A Comprehensive Guide
 
The ethics of getting paid: fee agreements and trust accounts
The ethics of getting paid: fee agreements and trust accountsThe ethics of getting paid: fee agreements and trust accounts
The ethics of getting paid: fee agreements and trust accounts
 
How can knowledge of types of ‘legal funding’ available for dispute resolutio...
How can knowledge of types of ‘legal funding’ available for dispute resolutio...How can knowledge of types of ‘legal funding’ available for dispute resolutio...
How can knowledge of types of ‘legal funding’ available for dispute resolutio...
 
Alternative Fee Arrangements
Alternative Fee ArrangementsAlternative Fee Arrangements
Alternative Fee Arrangements
 
Alternative Fee Arrangements
Alternative Fee ArrangementsAlternative Fee Arrangements
Alternative Fee Arrangements
 
p10-14 How Transparent Are You JUNE-JULY 2012_3
p10-14 How Transparent Are You JUNE-JULY 2012_3p10-14 How Transparent Are You JUNE-JULY 2012_3
p10-14 How Transparent Are You JUNE-JULY 2012_3
 
In house vs. outsourced anesthesia billing
In house vs. outsourced anesthesia billingIn house vs. outsourced anesthesia billing
In house vs. outsourced anesthesia billing
 
Commercial funding for your customers
Commercial funding for your customersCommercial funding for your customers
Commercial funding for your customers
 
Alternate Dispute Resolution: The Employers Alternative to Legal Limbo
Alternate Dispute Resolution: The Employers Alternative to Legal LimboAlternate Dispute Resolution: The Employers Alternative to Legal Limbo
Alternate Dispute Resolution: The Employers Alternative to Legal Limbo
 
SFO Equipment Lease Ppt
SFO Equipment Lease PptSFO Equipment Lease Ppt
SFO Equipment Lease Ppt
 
PPB SURVIVAL GUIDE
PPB SURVIVAL GUIDEPPB SURVIVAL GUIDE
PPB SURVIVAL GUIDE
 
PPB SURVIVAL GUIDE [89790]
PPB SURVIVAL GUIDE [89790]PPB SURVIVAL GUIDE [89790]
PPB SURVIVAL GUIDE [89790]
 
Leasing Presentation
Leasing PresentationLeasing Presentation
Leasing Presentation
 
Cp1230 FSA consultation paper summary: complaints against the regulators
Cp1230 FSA consultation paper summary: complaints against the regulatorsCp1230 FSA consultation paper summary: complaints against the regulators
Cp1230 FSA consultation paper summary: complaints against the regulators
 
Asset finance fact sheet email
Asset finance   fact sheet emailAsset finance   fact sheet email
Asset finance fact sheet email
 
Zola Suite - Minimizing Write-Offs and Maximizing Profits
Zola Suite - Minimizing Write-Offs and Maximizing ProfitsZola Suite - Minimizing Write-Offs and Maximizing Profits
Zola Suite - Minimizing Write-Offs and Maximizing Profits
 
Alfian blablabla
Alfian blablablaAlfian blablabla
Alfian blablabla
 
Contractor or Employee
Contractor or EmployeeContractor or Employee
Contractor or Employee
 

Mehr von thevictorialawgroup1

Mehr von thevictorialawgroup1 (12)

All about crypto currency
All about crypto currencyAll about crypto currency
All about crypto currency
 
Contracts and contract disputes
Contracts and contract disputesContracts and contract disputes
Contracts and contract disputes
 
Pro Bono - The Victoria Law Group
Pro Bono - The Victoria Law GroupPro Bono - The Victoria Law Group
Pro Bono - The Victoria Law Group
 
Pro Bono - The Victoria Law Group
Pro Bono - The Victoria Law GroupPro Bono - The Victoria Law Group
Pro Bono - The Victoria Law Group
 
Contracts and Contract Disputes The Victoria law Group
Contracts and Contract Disputes The Victoria law Group Contracts and Contract Disputes The Victoria law Group
Contracts and Contract Disputes The Victoria law Group
 
Clients and case studies the victoria law group
Clients and case studies   the victoria law groupClients and case studies   the victoria law group
Clients and case studies the victoria law group
 
Project finance
Project financeProject finance
Project finance
 
Project Finance
Project FinanceProject Finance
Project Finance
 
General counsel services tvlg
General counsel services   tvlgGeneral counsel services   tvlg
General counsel services tvlg
 
Alternative billing
Alternative billingAlternative billing
Alternative billing
 
Clients and case studies tvlg
Clients and case studies   tvlgClients and case studies   tvlg
Clients and case studies tvlg
 
Diversity & cross cultural expertise
Diversity & cross cultural expertiseDiversity & cross cultural expertise
Diversity & cross cultural expertise
 

Kürzlich hochgeladen

9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 DelhiCall Girls in Delhi
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxpriyanshujha201
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesDipal Arora
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Centuryrwgiffor
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Roland Driesen
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...amitlee9823
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaShree Krishna Exports
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...Aggregage
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876dlhescort
 
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...lizamodels9
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 

Kürzlich hochgeladen (20)

9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...Boost the utilization of your HCL environment by reevaluating use cases and f...
Boost the utilization of your HCL environment by reevaluating use cases and f...
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in India
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
 
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 

Alternative Billing - Business Attorney in Miami

  • 1.
  • 2. Alternative Billing is a recent development in the legal business model designed to address the astronomical, and often perplexing legal fees clients face after receiving an invoice from their attorney.
  • 3. Alternative billing is the concept that how a client is billed is something that can be negotiated at the outset of the representation.
  • 4.
  • 5. Attorneys can seek to give an overall percentage discount of the total amount of hours billed. An attorney may always offer a direct discount off of their hourly rate. One final possibility is to implement a “blended hourly rate” where the client agrees to pay one fixed hourly fee, regardless of which attorney within the firm actually conducts the client’s work.
  • 7. A fixed fees is often the most attractive arrangement to clients because they offer a sense of finality and order to the extent of their financial obligation to their lawyer. A fixed fees is often the most attractive arrangement to clients because they offer a sense of finality and order to the extent of their financial obligation to their lawyer.
  • 8. A fixed fees is often the most attractive arrangement to clients because they offer a sense of finality and order to the extent of their financial obligation to their lawyer. A hybrid model of alternative billing called a “capped fee” consists of hourly billing and potentially a fixed fee that arises where the client will pay an hourly fee for the case until the hours collectively reach some agreed upon amount, which will then serve as the fixed fee for the entire case, regardless of the amount of hours actually worked.
  • 10. Although contingency fees usually represent a flat percentage fee of the attorney’s ultimate recovery or settlement on the client’s behalf, there is still room for alternative billing in the contingency arena. To adjust for the 30-50% fee firms operating on contingency often charge, clients can negotiate for a percentage up to “X” amount, and then anything above “X” amount will be subject to some lower percentage going towards attorney’s fees.
  • 11. www.ThevVictoriaLawGroup.com Miami: (305) 602-9099 Palm Beach: (561) 342-7310 Sao Paulo: 011-3042-5607