PCLaw Flat Fee Options. PCLaw

Transcription

1 PCLaw Flat Fee Options PCLaw

2 Your Presenter Nancy Griffing 3545consulting.com

3 Flat Fee Concepts Charging a Flat Fee for Services Comparing Services to Quoted Fees Charging a Periodic Flat Fee (Monthly) Charging a Min or Max Fee Targeting WIP Adjusting Charges to Fair Price

4 Flat Fee Concerns What happens to the difference between Flat Fee and Hourly Rate Allocation of difference to Responsible Lawyer Pro Rata Allocation to Working (Fee Credit) Lawyer What does the client see? Does the Legal Profession embrace the Flat Fee concept? How do you sell the Flat Fee concept and compensate the working attorney?

5 Ad Hoc is the easiest Flat Fee. Just enter the time as usual. Flat Fee Ad Hoc At the Time of Billing

6 Flat Fee Ad Hoc At the Time of Billing Then, pause the bill. It will pause automatically if there is ONLY one bill.

7 Flat Fee Ad Hoc Change Billed Fees Amount Type over the number to enter the amount you want to bill. Select allocation to adjust the fee credits.

8 Flat Fee Ad Hoc Change Billed Fees Amount Select how you want the difference to appear on the invoice. Type in the description to show on the invoice.

9 Flat Fee Ad Hoc Change Billed Fees Amount The values here are for presentation ONLY. It appears as if BEA received the entire discount.

10 Flat Fee Ad Hoc Allocation is Correct The values here reflects the actual allocation. The values here show how the adjustments were applied.

11 Options in PCLaw

12 Bill in Advance

13 Bill in Advance 1 st Invoice

14 Bill in Advance 1 st Invoice

15 Now Actual Time Incurred

16 Bill in Advance Actual Time Incurred If you want to change the allocation, this is where it should be done at the time of billing.

17 Presentation can be Summary style or can de-emphasize the allocation Bill in Advance Default Presentation

18 Bill in Advance Default Presentation Note the difference for RSB is the total markdown on the Bill in Advance difference.

19 Contingency Presentation

20 Contingency Complete

21 Contingency Bill

22 If you want to change the allocation, this is where it should be done at the time of billing. Contingency Bill

23 Contingency Bill

24 The allocation is based on the calculation at the time of billing. Contingency Bill Default

25 Flat Fee (Estimate-Not to Exceed)

26 Flat Fee (Estimate-Not to Exceed)

27 Flat Fee (Estimate-Not to Exceed) When an additional entry is made the warning shows the total entered previously plus the value of the new entry exceeds the estimate.

28 However, the entry is accepted. Flat Fee (Estimate-Not to Exceed)

29 Flat Fee (Estimate-Not to Exceed) Now the maximum kicks in and caps the bill at $6200.

30 Flat Fee (Estimate-Not to Exceed)

31 Flat Fee (Estimate-Not to Exceed) The maximum is shown.

32 Maximum is allocated. Flat Fee (Estimate-Not to Exceed)

33 Every bill recurring Number of bills x times Flat Fee One Time or Over Time

34 Flat Fee One Time or Over Time

35 Flat Fee One Time or Over Time 1 st Invoice

36 Flat Fee One Time or Over Time 1 st Invoice Yes the bill will generate at $600. No will allow you to enter the $600. Then, click on Allocation to allocate the fees as you want them to give attorney credit.

37 Flat Fee One Time or Over Time More Time

38 Flat Fee One Time or Over Time Both Invoices If you selected No when asked to apply the flat fee, and you selected the Allocation button, you could have given credit and apportioned the adjustment to the individual fee credit attorneys.

39 Monthly (Min/Max/Total)

40 Monthly (Min/Max/Total)

41 Monthly (Min/Max/Total)

42 Monthly (Min/Max/Total)

43 Monthly (Min/Max/Total)

44 Monthly (Min/Max/Total)

45 Monthly (Min/Max/Total)

46 Target WIP Warning Only or with Max Fees

47 Target WIP Warning Only or with Max Fees

48 Target WIP Warning Only or with Max Fees

49 Target WIP Warning Only or with Max Fees

50 Quoted Type = Fees

51 Quoted Type = Fees

52 Quoted Type = Fees

53 Quoted Type = Fees

54 Quoted Type = Fees

55 Questions?

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