Envision a process in which a partner who wants to take on an alternative fee matter inputs information — such as matter type, expected duration, and distribution of work — online. The information is routed to the finance department for modeling into an alternative fee proposal, then on to the finance committee for approval, and back to the lawyer without the need for a meeting, telephone call, or e-mail.
Or, how about a “dashboard” on every partner’s computer that provides daily budgetary updates on alternative fee matters with green, yellow, and red light indicators showing where the matter is relative to its budget?
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]