It is vital to the sustainability of your law practice that you are paid, and paid timely, for your legal services. Yet invoicing clients and collecting legal fees are constant challenges to many lawyers. Handling cases without being paid is simply bad business: you incur unnecessary malpractice and ethical complaint exposure and suffer the loss of money and staff time spent on … [Read more...] about Three Tips to Improve Collection of Your Legal Fees
We lawyers often quote a fixed fee for handling a legal case. It is easier for the client to commit to an amount certain than to agree to an hourly rate and the uncertainty of how much the total attorney's fee will be. It helps in getting the legal work but, if care is not exercised, the attorney can lose money on the file. Using a building contractor as an analogy, if the … [Read more...] about Fixed Fee Legal Cases – Are You Making or Losing Money?