Monday, 6 April 2015

EXPLAINING YOUR LAW FIRMS FEES

The explaining of costs, fees and bills role in your law firm will always be very important. This is how you will get your client on your page as to your billing and fee philosophy and how you will manage their expectations and hold the line on what you consider to be effective billing for services provided.

It can be the means through which you can demonstrate innovation by using this role as your R and D unit to study global billing processes both near and far and work to create a formula that will work for both you and your client.

Your client's travel and meet people and even if they do not the internet is there, they have a social circle. It would be a pleasant surprise for you to wow them in the areas of billing and this will help you address the effects of inflation on your law firm's revenues .

Your R and D will help you through the myths of client billing and give you actual, factual data you can think with and plan with for better fees for better service. If you were a client would you stay if you had a choice?
The goal is not to get cheaper fees or convince the client to accept your bill with the usual industry arguments. It is to place a correct value on your firm and offer this to your clients.

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