Legal departments are exploring flat-fee access arrangements to enhance the value from outside counsel relationships. These monthly fees offer several advantages including greater flexibility, predictability, improved communication, and often reduce overall legal spend. Traditional hourly fee structures can lead to inefficiency and uncertainty regarding costs and service levels. In contrast, scope-based fixed-fee pricing allows clients to establish defined services and expectations, fostering more proactive partnerships and customizing support to meet specific business needs and complexity.
The typical hourly fee structure for A&C support is often an open checkbook, which doesn't promote efficiency, leaving clients and firms guessing without spending controls.
Scope-based fixed-fee pricing flips the script by allowing clients to enter structured agreements with clearly defined services and delivery expectations.
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