Law Firms Abandon Hourly Billing For Flat Fees
Legal professionals are finding ways to set themselves apart from their competition. The Azam Law Firm of Lake Mary, Florida, is one of the firms using a flat fee rate rather than hourly billing for legal representation.
Online, March 8, 2010 (Newswire.com) - As many have experienced, a five minute phone call to ask a question of their lawyer often shows up on the bill as hundreds of dollars and in the course of an on-going case, clients feel underrepresented and over billed. In an effort to build trust with their clients and as a way of distinguishing themselves, many law firms are presenting flat fees to their clients rather than the traditional retainer plus hourly rate.
A Closer Look - Azam Law Firm
The Azam Law Firm in Lake Mary, Florida, for instance, has found that their clients are more comfortable knowing that they can rely on the firm to work efficiently and effectively on their behalf. Managing Partner Nishat Azam states, "Some cases can take years and can be very stressful for the people involved. With a flat fee system, we can at least take the payment stress out of the equation."
Law firms that set this kind of billing structure show their confidence and experience in being able to determine how long each process will take. Additionally, it encourages them to keep an eye on what they are accomplishing in the allotted time while working toward their clients' goals.
Clients are responding
While the flat fee structure may seem to be a risk for the law firm, it sets them apart and attracts clients. "Our clients are savvy in many ways," Azam continues, "and when they see us taking a confident position on our rates, they want to work with us. Many are looking to avoid a situation where they are continually being asked for more money to conclude a case. We are clear upfront about how much it will cost."
Having a sense of how much their legal representation will cost from the start allows prospective clients to fully weigh their options. Often, this can help them decide whether to pursue legal action, seek a settlement or find a way to arbitrate out of court. Legal professionals such as the Azam Law Firm are innovating in a rather staid industry and their best practices will be rewarded.
About Azam Law Firm
Headquartered in Lake Mary, Florida, Azam Law Firm successfully represents clients in 21 states. They have a unique approach with many of their services including being possibly the only firm that offers limited litigation service on debt settlement. Other services include immigration and bankruptcy.