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محتوای ارائه شده توسط Percipient. LLC and Percipient - Chad Main. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Percipient. LLC and Percipient - Chad Main یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
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Will This Legal Tech Startup Kill the Billable Hour and Bring Transparency to Legal Billing? (Scott & Digby Leigh - AltFee)

27:19
 
اشتراک گذاری
 

Manage episode 426245445 series 3583199
محتوای ارائه شده توسط Percipient. LLC and Percipient - Chad Main. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Percipient. LLC and Percipient - Chad Main یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

Despite much ballyhoo and countless articles about them, alternative fee arrangements, or AFAs, have yet to gain widespread traction and the billable hour still reigns supreme for legal billing.

Enter the Leigh brothers, Scott and Digby, and their new legal tech startup, AltFee. The company’s stated goal is encouraging legal professionals to break free of hourly pricing and move to AFAs by using the app to help scope and price legal projects.

The brothers point out that the traditional billable hour pricing model doesn't provide certainty for clients and that AFAs will become more important with increasing use of AI which will likely reduce billable hours. They explain how Altfee offers a solution by providing a foundation for law firms to operate on an alternative fee model. The app helps users scope, price and audit their fees.

Scott and Digby also delve into the concept of 'value billing', explaining that it involves charging fees based on the value of the service provided to the client, rather than strictly on the time spent. They underline the importance of taking both task-based considerations and value-based considerations into account while pricing.

Learn more about Scott and Digby.

Things We Talk About in this Episode

Directory of Law Firms Offering Alternative Fees Episode Credits

Editing and Production: Grant Blackstock

Theme Music: Home Base (Instrumental Version) by TA2MI

  continue reading

100 قسمت

Artwork
iconاشتراک گذاری
 
Manage episode 426245445 series 3583199
محتوای ارائه شده توسط Percipient. LLC and Percipient - Chad Main. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Percipient. LLC and Percipient - Chad Main یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

Despite much ballyhoo and countless articles about them, alternative fee arrangements, or AFAs, have yet to gain widespread traction and the billable hour still reigns supreme for legal billing.

Enter the Leigh brothers, Scott and Digby, and their new legal tech startup, AltFee. The company’s stated goal is encouraging legal professionals to break free of hourly pricing and move to AFAs by using the app to help scope and price legal projects.

The brothers point out that the traditional billable hour pricing model doesn't provide certainty for clients and that AFAs will become more important with increasing use of AI which will likely reduce billable hours. They explain how Altfee offers a solution by providing a foundation for law firms to operate on an alternative fee model. The app helps users scope, price and audit their fees.

Scott and Digby also delve into the concept of 'value billing', explaining that it involves charging fees based on the value of the service provided to the client, rather than strictly on the time spent. They underline the importance of taking both task-based considerations and value-based considerations into account while pricing.

Learn more about Scott and Digby.

Things We Talk About in this Episode

Directory of Law Firms Offering Alternative Fees Episode Credits

Editing and Production: Grant Blackstock

Theme Music: Home Base (Instrumental Version) by TA2MI

  continue reading

100 قسمت

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