Legal budgets are shrinking, yet sophisticated organizations still need experienced counsel. Value has never been more important, and Saul Ewing Arnstein & Lehr is very focused on helping clients improve predictability, manage costs and achieve better outcomes.
Alternative Fee Arrangements
At the core of the Firm’s business model is the ability to deliver the highest quality legal services to our clients at costs that compare favorably to our competition. By carefully managing firm growth and debt, and committing to legal project management, we are able to pass on significant cost savings to our clients by utilizing competitive rate structures, alternative fees and smart staffing. We offer a variety of alternative billing arrangements, including negotiated fees, blended fees, fixed fees (by phase or entire case), retainer-based, and collared (over-under) fee arrangements, to satisfy our clients’ cost concerns and offer predictability. We have also used “success fees” that include a holdback against negotiated fees that is paid to the Firm based on agreed-upon results (e.g., 10% holdback that is paid if case is successfully defended). Our Firm has been a leader in exploring the use of value-added billing in place of traditional hourly rate structures.
In addition to those mentioned above, we have several offerings that utilize alternative fee structures:
Legal Project Management
To achieve greater cost certainty and unwavering client service, we implement a variety of strategies, such as our Legal Project Management Program (“LPM”).
Saul Ewing Arnstein & Lehr has embraced the concept of LPM in recent years and continues to deploy its principles as one of our key operating initiatives. Our LPM program focuses on scoping and managing legal work within defined time, budget and performance requirements. Our program addresses two specific client-related needs: 1) managing uncertainty, and 2) performing work more efficiently and effectively.
The firm employs a dedicated LPM professional to help achieve these goals by:
- Setting objectives and defining the scope of the engagement
- Project planning
- Executing the plan
- Monitoring progress
- Conducting post-project review
Our LPM principles promote efficiency and effectiveness within each representation.