Flat Fee Agreements
These suggestions may help lawyers contemplating fixed-fee billing get started, or convince those who’ve tried flat fees unsuccessfully to reconsider.
When we create rules, we want people to follow them. When we build incentives into rules, we want people to be motivated by those incentives. But the rule-makers cannot foresee all of the consequences of the rules they create. In the end, we’re counting on people to act in good faith and use common sense. Will that work?
I became a lawyer without really understanding that the job cuts time off of your life. My work hours are long, I can’t see my family or friends, and I am constantly at the mercy of the partner or the client. On top of everything, at one point, I was paying 7% on my law school loans. […]