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The eValueators: Thoughts on the Evolving Nature of “Value” in the Business of Legal Services

Posted by Jeff Kruse | Feb 22, 2021 | 0 Comments

Value is an evasive concept. We asked the inaugural class of value experts as are part of the "eValueators Initiative"to offer their thoughts on value from the past year and ask them to make a prediction about value for 2021.These eValueators have proven that they are true practitioners of value in the business of providing legal services and understand how value is evolving in the 21st Century. They have worked for law firms, corporations, con- sultancies, and vendors. They have been providers of legal services, and they have been customers and clients. These experts have provided value from many different per- spectives.

Fees

After managing legal budgets for a Fortune 350 company for nearly 10 years, I understand the importance of receiving maximum value for every dollar spent. I handle most of my projects on flat or fixed fees after proper scoping of the assignment with my clients. Using a flat or fixed fee model promotes efficiency and avoids the problems associated with billing by the hour.

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