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What is LEDES Billing? A Guide for Lawyers

Clio

While commonly used with corporate business clients, it’s valuable for all lawyers to understand the basics of LEDES billing. 2008: LEDES XML updates to LEDES XML 2.0 LEDES billing codes The LEDES billing process provides standardized codes for lawyers and firm members to use when categorizing legal tasks for billing purposes.

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Ethical Considerations for Flat Fee Billing

Attorney at Work

Lawyer flat fee billing can be tricky. ANSWER: While most lawyers and clients are accustomed to the traditional billable hour, other pricing options do exist. Table of contents What Are Lawyer Flat Fees? What Are Lawyer Flat Fees? These include fixed fees, alternative fee structures, and contingency fees, among others.

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Thomson Reuters’ Message to Law Firms: Adapt to Market Changes or Become the Pan Am of Legal

Above the Law - Technology

Over the past year, it finds, “the rates clients agreed to pay law firms for new matters grew by more than 6%, with every segment of law firms seeing aggressive increases in worked rates on par with the pace seen prior to the Great Financial Crisis of 2008-’11.”

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Thomson Reuters’ Message to Law Firms: Adapt to Market Changes or Become the Pan Am of Legal

Legal Tech Monitor

Over the past year, it finds, “the rates clients agreed to pay law firms for new matters grew by more than 6%, with every segment of law firms seeing aggressive increases in worked rates on par with the pace seen prior to the Great Financial Crisis of 2008-’11.”