Tag: Legal Services Pricing

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 […]

Changes to judicial review are pricing communities out of justice | Friends of the Earth

Changes to judicial review are pricing communities out of justice | Friends of the Earth

What has changed? Until February 2017, there was a fixed limit on the amount losing a case could cost you. For individuals, the maximum of the other side’s legal costs you could be made to pay was £5,000. For organisations like Friends of the Earth it was £10,000. This limit, although still a considerable cost, […]

Pricing innovation | Canadian Lawyer

Pricing innovation | Canadian Lawyer

For some years, I have used the analogy of building a house as to the fallacy of not providing a budget/estimate of the cost, passing along efficiencies and fixed-fee certainty over the hourly rate. However, Headon provided me with an analogy that provided even greater clarity as to the need for innovation in both pricing […]

Per-Partner Pricing: A Penalty for Success | Averetek

Per-Partner Pricing: A Penalty for Success | Averetek

How does this relate to per-partner pricing? In the world of hosted software or programs for channel partners, there’s always a discrepancy between how many partners CAN participate and how many ACTUALLY participate. You can’t control human behavior, especially the behavior of channel partners. You can try to influence it, but you can’t control it. […]

Uncovering Unauthorized Sales – A Pricing Podcast | Professional Pricing Society

Uncovering Unauthorized Sales – A Pricing Podcast | Professional Pricing Society

In this #PricingPodcast, we talked with Whitney Gibson, a Partner at the Vorys, Sater, Seymour and Pease LLP law firm, and a knowledge expert on unauthorized sales, online. Whitney shared why businesses and consumers alike should be concerned with unauthorized sellers who sell diverted products. Sellers on eBay and other third party online marketplaces are causing many […]