Best Practices Live Chat: Guide to Developing Alternative Fee Arrangements and Next Generation Pricing Strategies
[On Demand - DL1073]
Duration: 50 minutes
Course Type: Audio Chat / PowerPoint Presentation
Course Registration Fee: Lex Mundi Member Fee: No Charge
This course is available only to Lex Mundi members.
This Best Practices Live Chat discusses a wide range of thinking about pricing models from across the legal world. It examines the changing facets of the legal market's existential and fundamental business conundrum: how to cope with dramatically accelerating client pressure on the price of legal services along with client demands for greater clarity and certainty while still achieving the improvement in financial returns that will attract and retain legal talent, up to and including partner level.
Key takeaways include:
- An overview of different value-based pricing models (including non-AFA structures)
- Ideas for pricing learning and development for lawyers
- Information about Lex Mundi member firm AFA practices and other market data
- How to define value-based pricing and adapt to a value-based pricing market
- Customer value management in value-based pricing
- How to use comparisons and pricing portfolios in value-based pricing
Within the legal services sector, Chris is closely identified with the accelerating transformation of the market and the implementation of new business models, advising on innovative transformation programmes, outsourcing and shared service strategies as well as on the creation of a string of high profile new entrant Alternative Business Structures (ABS) in the UK market.
His appointment as Chief Executive of UK lawyers Osborne Clarke in 2000 was in the first wave of business professionals hired into law firm leadership roles. In his subsequent global management role at professional service outsourcing firm Integreon, he was one of the architects of their rapid rise to market leadership in the legal outsourcing space. As a member of one of the legal market's best known strategy consultancies, Edge International, he worked with clients in the UK, US and Europe. Chris has previously worked in blue chip leading consulting, accounting and financial services organisations (PriceWaterhouse, Ernst & Young and NatWest Bank).
One of the busiest speakers and writers on law firm operational management, Chris is a regular keynote speaker, chair and panellist at conferences in Europe and the US. He has been a regular guest tutor at Nottingham Law School’s innovative legal MBA programme and an active member of a number of advisory boards. He has authored two books published by Managing Partner/Ark: ‘Law Firms in the Digital Age’ (2013) and ‘The Legal Process Improvement Toolkit’ (2012).
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Registration and fees:
|Lex Mundi Member Fee - No Charge|