Entries tagged “traditional law firm”
Is the Traditional Law Firm Compensation System Hurting Clients, Lawyers, and Law Firms?
insights Michael Moradzadeh · June 1, 2016
The start of a new year is always a time for big changes in a law firm partner’s life. Suddenly, lawyers get to meet all new people. Why? Because the start of the year is when laterals — partners and associates — start jumping firms. This is not due to exciting New Year’s resolutions to…
Alternative Fee Arrangements
insights Michael Moradzadeh · June 30, 2011
The most radical changes in law firm billing which have occurred during the last two years has been the advent of value billing Alternative Fee Arrangements (“AFA’s). These billing arrangements are aimed at destroying or at least seriously maiming the invidious hourly billing process, which creates economic incentives for inefficiency. The hourly rate may be…