“Least Cost” Attorney Fee Option

One of the more interesting blogs on the web is morepartnerincome.com.  While the name suggests billing more hours, this blog often posts on alternative billing options.  Check out this great post on Law Firm Pricing Model to Win Business where they offer up this novel pricing model.

NEXTRA’s pricing model appears to be designed to overcome that buyer resistance. Under the NEXTRA pricing model, the buyer pays the lowest of three values:

    1. A guaranteed capped amount;
    2. An agreed upon blended rate times actual hours;
    3. The amount of hours at the hourly rate of each timekeeper.

AWESOME!~

📚 Get AI-powered insights from this content:

Author


Enrico Schaefer

As a founding partner of Traverse Legal, PLC, he has more than thirty years of experience as an attorney for both established companies and emerging start-ups. His extensive experience includes navigating technology law matters and complex litigation throughout the United States.

Years of experience: 35+ years
LinkedIn /Justia / YouTube

GET IN Touch

We’re here to field your questions and concerns. If you are a company able to pay a reasonable legal fee each month, please contact us today.

#

This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by attorney Enrico Schaefer, who has more than 20 years of legal experience as a practicing Business, IP, and Technology Law litigation attorney.