6 creative fee arrangements to solve law firm fee pressure

6 creative fee arrangements to solve law firm fee pressure

Produced in partnership with Robert Mowbray of Taylor Mowbray LLP

As we know, times are changing. Clients are more demanding. They're better informed. And they're very price-sensitive.

Virtually every partner you talk to will tell you stories of how their long-standing clients suddenly started to say 'we need to discuss fees' or 'could you be more innovative or creative with your fee proposals?'

Unfortunately, solicitors are not used to this pressure and tend to offer large discounts too quickly.

What are alternatives to lawyers charging by the hour? Surely there is a satisfactory middle ground where both the client and the solicitor can be happy?

 

Implement creative fee arrangements – avoid giving greater discounts

 

A creative fee is one that is better for the client and also better for the solicitor – it’s certainly not

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About the author:

Amy leads the content marketing strategy for LexisNexis UK, writing thought leadership and product content for marketing campaigns, insight reports and legal industry magazines. She is an established writer and researcher, having contributed in national publications, such as City A.M. and Financial IT. She is also one of the writers and digital editors of LexisNexis' insights blogs, the Future of Law and the In-house blog.