I'm recently back from ClioCon 2024 in Austin, and it was an inspiring two days! From Jack Newton declaring the death of the billable hour to thought-provoking sessions on flat fees, AI, new legal tech, and transforming the practice of law into a true business, there was so much to take in. 🚀
In my latest newsletter, I’m sharing key takeaways from the event—including insights on pricing, tech, and how small steps can lead to big change. Don’t miss it!
Clio’s $900M raise, announced by Jack Newton on July 23, 2024, underscores the legal industry's shift towards tech-driven innovation and the decline of the billable hour. As AI and modern practices gain traction, this investment signals a strong belief in the future of the Modern Law Firm. Having championed this shift with the launch of Frank Fee in 2020 and AltFee software, I welcome this progress. Listen to Jack's BNN Bloomberg interview for more insights.
Read MoreHave you ever heard the saying that an entrepreneur is someone who jumps out of a plane and figures out how to work the parachute on the way down? Well, making the move away from hourly billing felt a lot like that for me. There was no instruction manual or established system like AltFee to tell us how to do it. We just had to figure it out, navigate the challenges, and learn as we went.
Read MoreWhile talking with Jason, I got to tell the full story of Digby Leigh & Co.’s move away from the hourly billing model; accordingly I wanted to share this podcast with you.
Read MoreWhen you are not pricing by the hour, wrapping your head around how to come up with up-front, fixed fee pricing for commercial litigation, M&A transactions or other complex unpredictable matters can feel challenging and uncertain. How can I possibly price these types of projects and not be wide open to “working for free”?
Read MoreWhen you are not pricing by the hour, wrapping your head around how to come up with up-front, fixed fee pricing for commercial litigation, M&A transactions or other complex unpredictable matters can feel challenging and uncertain. How can I possibly price these types of projects and not be wide open to “working for free”?
Read MoreWhen you are not pricing by the hour, wrapping your head around how to come up with up-front, fixed fee pricing for commercial litigation, M&A transactions or other complex unpredictable matters can feel challenging and uncertain. How can I possibly price these types of projects and not be wide open to “working for free”?
Read MoreWhen you are not pricing by the hour, wrapping your head around how to come up with up-front, fixed fee pricing for commercial litigation, M&A transactions or other complex unpredictable matters can feel challenging and uncertain. How can I possibly price these types of projects and not be wide open to “working for free”?
Read More
