Fixed and Value Pricing! Something we all know we need to understand but the challenge for most lawyers is knowing where to start!
A few years ago my firm, Brisbane Family Law Centre, made the shift from time sheets to fixed fees. I now operate solely on Fixed and Value Pricing. That’s right- no more time sheets!
These packs are designed to give you access to all we have created to help you implement fixed pricing in your firm.
We update our precedents every year as things are always changing, evolving and being re-created here at BFLC. We have discovered over the past 10 years of pricing this way that we are always learning from our clients. This means, if you purchase a pack today you will receive any future ‘updated’ packs along the way. (Talk about getting fixed fee fries with that!!)
You can watch my video below to learn more about the pack and to see how it can be used.
WOULD YOU LIKE SOME FIXED FEE FRIES WITH THAT?
Preferred pricing on our documents pack, workshops and coaching in the ‘fixed pricing fries’ I mean bundles below!
Dear Timesheets... It's definitely you.
Document Pack Only
For Fixed Fee and Value Pricing The BFLC Way-
The 'have it all' documents pack
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Initial Letter, Costs Agreement, Fixed Fee Examples and Example Tax Invoice
The Get Started Now
For Fixed Fee and Value Pricing The BFLC Way-
Two places in the in- person workshop or access to our on demand digital course
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The 'have it all' documents pack
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Initial Letter, Costs Agreement, Fixes Fee Examples and Example Tax Invoice
The Have it All & All & All
For Fixed Fee and Value Pricing The BFLC Way-
Half-day workshop facilitated by Clarissa Rayward for your team
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Two places in the in- person workshop or access to our on demand digital course
-
The 'have it all' documents pack
-
Initial Letter, Costs Agreement, Fixes Fee Examples and Example Tax Invoice
WHY FIXED AND VALUE PRICING COULD BE RIGHT FOR YOUR FIRM
Around 10 years ago now I made the decision that it was time to do away with time based billing systems in my law firm. Fast forward 10 years and we have made the shift, but not without many learnings along the way.
The professions of Law and Accounting are amongst the slowest of the professions to change. Despite much talk of innovation and disruption only a handful of firms have made the shift to billing structures that are anything other than the traditional ‘time for money’ model.
In order for legal and accounting practices to stay ahead of these changing times, I am firmly of the view that we need to move away from the outdated ‘time based billing’ models that our professions have survived on for many generations. Time based billing structures sadly reward inefficiencies- the slower a piece of work is done the higher a firm may be able to charge. If we step outside of Law and Accounting and consider the many industries of business, very few connect their ‘price’ to the time it takes to get something done.
DISCLAIMER!
Yes we are lawyers and we know you are too…
The Fixed & Value Pricing Pack has been developed from our experience implementing fixed fee billing in our Queensland-based practice, Brisbane Family Law Centre.
As the materials were created to align with the rules governing legal practice in Queensland at the time, we cannot guarantee their compliance in your State or Territory, now or in the future. We strongly recommend you check any documents you use or adapt against the requirements of your local Law Society and applicable professional rules.
We are a family law practice, so the precedents include family law examples. However, the structure and approach can be adapted across other practice areas.
These resources are provided as an information tool only and do not constitute legal advice. No template replaces independent professional advice tailored to your circumstances and jurisdiction.
In short – use them, adapt them, make them your own – but ensure they comply with the relevant law where you practise.
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