There has been much talk in the legal fraternity and beyond about fixed price services. Our experience is that its benefits to the clients include:
· the outcomes to be achieved for the client are of primary concern;
· greater certainty for the client;
· the services are scoped and specified; and
· fixed prices are assigned to the services and when that is not possible for the longer term tasks, estimates are provided.
A 2017 report by the Association of Corporate Counsel indicated that one of the most pertinent considerations for a client when engaging a firm are flexible billing methods.
The focus must be on value for the client. The old six-minute increments approach to billing which looks back to what has been done and then costed, is replaced by a forward looking outcomes focused approach. The new approach presupposes the provision of a scope which outlines the work that is required and the fixed fees that will be charged.
Glen McLeod Legal has used fixed fee billing since the founding of the firm, almost 7 years ago, as part of its value-based pricing approach. Our experience has shown that value-based pricing has been a positively received by our clients.
If you have a town planning or environmental legal issue, the team at Glen McLeod Legal can assist with, then please do not hesitate to contact us by telephone on (08) 6460 5179 or by email at firstname.lastname@example.org