WiseTime
Pros & cons of fixed fee vs hourly billing in the legal sector
News
Pros & cons of fixed fee vs hourly billing in the legal sector

The legal sector is experiencing a shift in how services are delivered as new pricing models are emerging in the market. Traditionally, hourly billing has been the standard for law firms. Clients are billed on an hourly basis for the length time a lawyer spends on a case.

However, in recent years, fixed fee billing has become more common. According to Bloomberg Law’s most recent Legal Operations & Technology Survey, 74% of the AmLaw 100 mentions ‘alternative fee arrangements on their website. With this pricing model, the lawyer and client agree the total cost up front and payments are typically spread out over the course of the case.

Both pricing models have their benefits and drawbacks for lawyers and clients and in this article, we look at each in more detail.
Read more...

Legal tech that takes cyber security seriously
News
Legal tech that takes cyber security seriously

With staff working from home, you need to ensure that the software everyone is using, is secure. In light of recent vulnerabilities detected in various popular remote working technologies, we take a look at the issue of cyber security in more detail and explore the legal tech that is taking security seriously. Read more...

What will remote working mean for law firms in the long-term?
News
What will remote working mean for law firms in the long-term?

Law firms have had to think laterally and implement remote working policies to ensure the continuity of their business, their client relationships and their productivity. As the legal sector continues to embrace remote working, what impact will this new practice have on law firms in the long-term? Read more...