by Traverse Legal, reviewed by Enrico Schaefer - April 12, 2005 - 'The Greatest' Philosophy, Alternative Billing, The Billable Hour
One of the advantages of a contingency fee lawyer is that they rarely think of their practice in terms of hourly time. Most do not keep time sheets at all. I have worked in both settings. For the unmotivated, the billing sheet provides a steady task-master for the attorney, ensuring that they stay focused activities which allow them to bill client files. A contingency fee lawyer simply does what is required for the case. Motivation is compelled by the fact that no recovery means no pay. In many ways, a contingency fee lawyer’s interest is tied directly to the client’s interest. They are both in the boat together.
As I break the ties of 5 years working in an aggressive hourly environment, I look forward to shedding the habits of an hourly lifestyle where every minute doing something with your family, your friends or simply tending to your own life is not equated with lost profits.
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.
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.
