The use of non-hourly fee arrangements by lawyers and the demand for those arrangements by clients is increasing. How are you and your law firm addressing this threat to the billable hour? Are you prepared for the systemic changes needed when value is not measured in six minute increments? Alternative Fees for Litigators and Their Clients addresses how attorneys can implement and evaluate alternative fee arrangements in litigation matters. Written by a trial lawyer with over 30 years of experience, this essential guide offers lessons, insights, and practical tips that the author has learned during his firmâs long-term experiment with alternative fee arrangements.
Patrick Lamb is a litigator with 30 yearsâ experience. Since January 2008, he has been a partner of Valorem Law Group, a firm he and three colleagues founded. Their business model was and remains use of nonhourly fee arrangements to represent clients in complex commercial disputes. The firm has grown, and they have now applied the same pricing philosophy in patent litigation.