Winning with Value Billing: Strategies for Law Firms to Deliver Value and Affordability
Learn more about value billing and how law firms can successfully implement it, how it can improve client service and help clients manage their costs during rising inflation and interest rates.
In the current economic climate, Australian law firms are facing increasing pressure to provide their clients with value for money. Clients are demanding more than ever before, and they expect their lawyers to be transparent about their fees and to deliver results on time and within budget.
The legal industry is also undergoing significant changes in Australia. Clients expect more than just legal expertise; they demand efficient service, transparent pricing, and a client-centric approach. Moreover, legal professionals are seeking a better work-life balance, often preferring remote work options.
In this evolving environment, adopting value billing and harnessing legal technology can be the keys to achieving both financial success and client satisfaction. Indeed, Minter Ellison’s CEO recently suggested technology such as AI could end the billable hour.
Discover how your firm could adopt value billing to help improve client service and help clients manage their costs during the cost of living crisis and interest rate hikes.