tag:blogger.com,1999:blog-7411952857916619406.post8852301989314863817..comments2012-04-04T05:43:35.352-07:00Comments on LexFuturus: In pursuit of "happiness"....LexFuturus (Stephen Allen FRSA)http://www.blogger.com/profile/12548230232135236958noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7411952857916619406.post-44751644973412193912012-04-04T05:43:35.352-07:002012-04-04T05:43:35.352-07:00Behaviour follows belief. The worst thing about an...Behaviour follows belief. The worst thing about an hourly rate is what it does to the attitude of the lawyers. <br /><br />They believe all they have to offer is their time and that logging hours on a timesheet is more important than delivering results. <br /><br />As our one hour is indistinguishable from our competitor, we become a commodity. New entrants to the market can offer lower hourly rates because their overheads are lower, but what does internal overhead have to do with how much value you provide your clients?<br /><br />So said Ron Baker from Verasage. An organisation determined to get rid of hourly billing.Ray McLennanhttps://www.blogger.com/profile/11535718794146087045noreply@blogger.comtag:blogger.com,1999:blog-7411952857916619406.post-76469093399572199072012-04-04T02:21:33.808-07:002012-04-04T02:21:33.808-07:00In a product environment it is possible to underst...In a product environment it is possible to understand your input costs and price on a purely cost+ basis. This is what lawyers think they are doing with hourly rates.<br /><br />Instead, it is a services business model, more akin to the insurance market that should be used. A fixed cost for a service + the associated risk that comes with it.<br /><br />A new world for acutaries to enter into...CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.com