Comparing Fee Arrangements: Hourly, Blended, Fixed, Capped and Success Fees
This lesson is part of the course
In this lesson
You price one matter five ways – rate card, blended rate, fixed fee, capped fee and a success fee weighted by its probability – and pick the cheapest one for the client in expected terms.
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Lessons in this course
- Time Entries: 6-Minute Increments and Time-Keeper Rates Locked
- Task Codes per Matter: SUMIFS and a Cross-Tab Locked
- Write-Downs, Write-Offs and Realisation Rates Locked
- Comparing Fee Arrangements: Hourly, Blended, Fixed, Capped and Success Fees Locked
- Contingency Fees by Recovery Band and the Costs-First Rule Locked
- Matter Budget vs Actual: Burn Rate, Forecast and Overrun Locked
- Client Trust Ledgers: Running Balances and the Overdraft Check Locked
- Three-Way Reconciliation: Bank, Journal and Client Ledgers Locked