OnDemand WTP Pricing Research

Tag: Legal Services Pricing

Consumer panel attacks BSB over price transparency | Legal Futures

Consumer panel attacks BSB over price transparency | Legal Futures

Responding to a consultation on the BSB’s strategic programme for 2019-2022, Sarah Chambers, the panel’s chair, said access to justice “goes beyond accessing (legal aid) funds”. Ms Chambers went on: “Consumers need access to information on prices, services, and quality in order to be confident to use the services of legal professionals and to make […]

Price transparency rules ‘not about giving firms a hard time’ – SRA chief | Law Society Gazette

Price transparency rules ‘not about giving firms a hard time’ – SRA chief | Law Society Gazette

Solicitors speaking at the conference expressed doubts about the merits of the new rules and how useful they may be for clients in practice – particularly if the legal service turns out to be more expensive than they were led to believe. A panelist on one of the break-out sessions, Wanda Goldwag, chair of the Office […]

BLJ Solicitors welcome price transparency in legal sector | Business Leader

BLJ Solicitors welcome price transparency in legal sector | Business Leader

North West legal firm Bell Lamb & Joynson Solicitors is backing the introduction of criteria which requires all regulated law firms to proactively publish pricing information for services. Firm’s must also detail timescales for quoted services and the experience of the staff that work in these areas. Nationwide changes follow research conducted by Competition and […]

Firms Have High Degree Of Flexibility In Implementing Price And Service Transparency Changes | Today’s Conveyancer

Firms Have High Degree Of Flexibility In Implementing Price And Service Transparency Changes | Today’s Conveyancer

Providing data and information that allows accurate comparisons Whilst the concept of being able to provide information that allows potential clients to ‘compare apples with apples’ is no doubt a good one; implementation is proving not to be straightforward. Templates have been made available, both by the regulators and the Law Society, and so on […]

Will legal industry professionals be forced to make prices clear and accessible? | Title Research

Will legal industry professionals be forced to make prices clear and accessible? | Title Research

Transparent pricing within the legal sector has been a popular topic of conversation for some time now and the latest news reveals that legal professionals could be forced to make prices easier to understand and more accessible. It has been revealed that the Legal Services Board (LSB) has approved the Solicitors Regulation Authority’s (SRA) new […]

Price transparency reforms: what it means for you | Legal Futures

Price transparency reforms: what it means for you | Legal Futures

FREE Legal Eye webinar – subscribe below for instant access Law firms regulated by the Solicitors Regulation Authority or the Council for Licensed Conveyancers will be required to make some changes to how they present information about their services to consumers. The aim of the new Price Transparency Rules is to make sure consumers have […]

An Accreditation Seeks to ‘Professionalize’ Law Firm Pricing Directors | The American Lawyer

An Accreditation Seeks to ‘Professionalize’ Law Firm Pricing Directors | The American Lawyer

Law firm pricing professionals have a new directory and it carries with it an accreditation that a group of industry veterans hope will “professionalize” the relatively nascent role of bringing pricing legal matters. The True Value Pricing Institute currently lists about 45 pricing pros on its site as having obtained ALPP, an accreditation acronym for […]

Lexis’s Legal Pricing Strategy Has Haters, But Might Be a Risk Worth Taking | Legaltech News

Lexis’s Legal Pricing Strategy Has Haters, But Might Be a Risk Worth Taking | Legaltech News

Sometimes, there’s not much that can help the medicine go down, and when there’s not, it becomes clear the rather repugnant taste of it (the medicine). This is a metaphor for the now center-stage discussion taking place regarding the pricing practices of LexisNexis and the cease and desist letter prepared by AALL, which argues that […]

Start monetizing those unused (discountable) billable hours | ABA Journal

Start monetizing those unused (discountable) billable hours | ABA Journal

Recently, a business trip took me to Paris. As the schedule was tight and I had a number of appointments across the city, I had to frequently rely on Uber to get me places in time. Doing a number of comparable rides over a couple of days, I started to notice that the prices could […]

Legal services: It’s time to be transparent about pricing | City A.M.

Legal services: It’s time to be transparent about pricing | City A.M.

Clients’ dissatisfaction around pricing is reaching a crisis point. Increasingly, law firms are responding by going back to the drawing board and reworking their pricing models. Firms with their eye on the future are dispensing with timesheets – too long the bane of our industry. Without timesheets, law firms should adopt an approach to pricing […]