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The Disruptive But Inevitable Move to Alternative Fees (2009)
September and October 2009 evidenced a four-part series of articles being written on the subject of alternative fee arrangements and co-authored by a Fortune 500 GC (Jeffrey Carr of FMC Technologies), a Managing Partner (Edwin Reeser), a leading practitioner in alternative fee arrangements (Pat Lamb), and a management consultant (yours truly). The first of these articles had over 700 hits for web reads in only a couple of hours following release.
All four of these articles have now been published, many appearing on the front page of the Los Angeles Daily Journal, and all currently appearing on Legal OnRamp.
This series was included as reading materials at the American Lawyer Law Firm Management Forum: The Future of the Business of Law seminar at New York’s Harvard Club on October 27 and 28; as handouts during the Annual Meeting Session on the ACC Value Challenge; and as participant materials in the Ark seminars scheduled in November on law practice management and alternative fee arrangements. These articles were also re-published in the Australasian Law Management Journal.
This PDF contains all four articles:
• Evolving Towards Alternative Billing
Los Angeles Daily Journal – October 14, 2009
• Value-Focused Fees Is No Longer a Question of Whether or Why Not – But When
Los Angeles Daily Journal – October 8, 2009
• Wannabes, Pretenders and the Real Deal
Los Angeles Daily Journal – September 29, 2009
• Time For Alternative Fee Arrangements
Los Angeles Daily Journal – September 22, 2009
In this second series of articles on Alternative Fee Arrangements, the four of us have attempted to explore how a progressive firm might deal with one of the great impediments to adopting any new change – your firm’s compensation system. And while there is no one standard framework or precedent to follow, each of these articles is attempting to provoke you to look at this challenge through a slightly different lens.
This PDF contains the second series of four articles:
• If You Pay For Hours, You Get Hours
Los Angeles Daily Journal - November 3, 2009
• Partner Compensation and The New Value Reality
Los Angeles Daily Journal - November 11, 2009
• Is your Partner Compensation System A Problem?
Los Angeles Daily Journal - November 17, 2009
• The Partnership Track: A Blind Race
Los Angeles Daily Journal - November 24, 2009
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