Virtual Law Firm, Rimon Law Group, Puts Its Money Where Its Mouth Is

Silicon Valley, CALIFORNIA--(Marketwire - April 8, 2009) - Rimon Law Group, a virtual law firm based in San Francisco, CA, with international operations, has launched a new client billing and payment program that adjusts the amount owed the firm based on how satisfied the client is with the firm's service. This Satisfaction-Based Billing program is a radical departure from traditional law firm billing models, which continue to rely heavily on per-hour rates, often reaching $1,000 per hour regardless of the quality -- or legal result -- of the service.

"This is the right time and place for a firm like ours and billing program like this," said Yaacov Silberman, a co-founder of Rimon Law Group. "Our Satisfaction-Based Billing program provides companies with a tangible way of ensuring they receive a high level of value for their dollar."

Clients have the choice whether to participate in the Satisfaction-Based Billing program. Under the program, after a project is completed Rimon Law Group will work with the client to complete a short survey about factors that matter most to the client, including project turnaround times, responsiveness and accuracy of the work, among others. Based on the results of that survey, clients can either receive up to a 20 percent discount on their bill or, as the firm hopes, pay up to a 20 percent premium for outstanding service.

While Rimon Law Group has received attention in the past for its innovative virtual approach to law, its Satisfaction-Based Billing program was structured after a similar successful program in Australia. There, the law firm Optim Legal has broken new ground with its "20 plus or minus" billing program.

Optim Legal is a natural source of inspiration for Rimon Law Group. Both companies are part of a growing trend of new model law firms that have created innovative ways of delivering the services of lawyers accustomed to working at the highest levels in their profession.

While it might sound risky to give clients control over the final amount of their bills, Optim Legal proudly states that of those clients who choose to opt in to the system the majority happily give them an uplift. Rimon Law Group expects its Satisfaction-Based Billing program to achieve similar results based on its track record of satisfied clients.

"The traditional hourly billing method is clearly broken -- awarding inefficiency rather than work product," said Michael Moradzadeh, Rimon's co-founder."With our Satisfaction-Based Billing program, we can express our confidence in our attorney work product, so much so that we are willing to put money on it."

About Rimon Law Group

Rimon Law Group is a leading virtual law firm that helps corporations achieve higher levels of quality from their legal processes while reducing overall costs. The firm offers effective legal services at significantly reduced prices by maintaining a virtual model, which lowers infrastructure and overhead costs for the firm, leading to lower costs for clients. For more information, visit http://www.rimonlaw.com.

Contact: David Cheung Email Contact 276.288.8113