We focus on value by understanding each client’s needs, tailoring pricing models, sharing risk, managing budgets and streamlining workflows. The results are predictable costs and measurable savings.
And we’re also engaged with the Association for Corporate Counsel, the Corporate Legal Operations Consortium and other organizations to share best practices industry wide.
Clients are noticing, naming us as one of the best law firms for developing and implementing alternative fee arrangements, according to a 2016 BTI survey.
Here’s what we promise our clients:
We are committed to investing the time required to develop a tailored fee arrangement and budget, beginning with a dialogue regarding your needs, priorities and preferences.
We don’t take a one-size-fits-all approach. We have added creative elements to hourly-based arrangements, and have designed a vast array of alternative fee arrangements. We have on-the-field experience utilizing these models with hundreds of clients. More than half of our largest clients take advantage of an alternative arrangement for at least a portion of our services.
To ensure pricing and project management get the right focus, we have a dedicated team led by a former Fortune 1000 senior executive. Our team works closely with our clients to tailor fee arrangements, set budgets and avoid surprises. We help our partners and clients plan, monitor and manage each aspect of an engagement on schedule, within budget and at optimal quality. And we are deploying analytics to eliminate the black box around what it takes to deliver a legal outcome.
We bring the right tools to the table, including budgeting tools, our CaseStream litigation management system, our Orrick Analytics services, innovative staffing and solutions like our Global Employment and Equity Compensation service and the Verbatim corporate secretary service.
We have the staffing available to deploy the right resource for every task. Sometimes that’s a partner-track associate. And sometimes it’s a career associate or project manager based at our Global Operations Center. Because we have all types of resources and workflow planning tools available in-house, we can disaggregate and reaggregate tasks seamlessly.
We know that our clients have built comprehensive, sophisticated in-house legal and compliance teams. Our goal is to earn your trust as an extension of your team – bringing additional skills, resources and market perspective where needed. This begins with listening – and then drawing on our resources to respond to your needs.
The following illustrates some of the fee arrangements that we regularly deploy.