NEW YORK, NY--(Marketwire - July 22, 2010) - Practical Law Company (PLC), a provider of online legal know-how for transactional attorneys, has released a new White Paper, "Practical Considerations for Alternative Fee Arrangements." The White Paper tackles the nine (9) core issues a law firm must consider when offering fixed fees in transactional matters.
"In a recent study, 88% of law firms indicated that they will be offering alternatives to the billable hour. With growing economic pressures, more law firms are turning to alternative fee arrangements," said Ian Nelson, Esq., PLC's Vice President of Business Development and White Paper author. "We wrote this White Paper with input from partners at top law firms and industry experts to address this changing legal landscape."
Topics addressed within the White Paper include how to identify appropriate matters for fixed fees; special considerations for corporate transactional matters; ideas for better associate training; tips for estimating a project's scope; and more.
The White Paper is available to download for no charge at: www.altfeeswhitepaper.com.
About Practical Law Company
Practical Law Company (PLC) provides practical legal know-how for law firms, corporations and law schools. Practical Law Company's U.S. online resources for law firms cover corporate, securities and finance practices, helping lawyers to practice more efficiently and protect profit margins on alternative fee arrangements.
Founded in the UK in 1990 and launched in the U.S. in 2009, PLC works with the world's leading law firms and corporations. For more information, visit www.practicallaw.com or call 646.562.3405.
Contact Information:
Media Contact:
Susan E. Jacobsen
202.251.8184