Billing and fees - managing financial arrangements with clients
Data Law Limited
Summary
- Tutor is available to students
Overview
Learning Outcomes
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On completion of this course you will:
- Have considered the various ways in which you can quote and bill the client
- Understand that fixed fees, properly integrated with an efficient business system, will mean that you may end up with a higher hourly rate rather than a reduction.
- Receive practical tips when quoting prices and at the billing stage
- Be able to identify if a client’s case is being effectively managed – this will involve recognising if the right person is doing the job or whether the role could be outsourced
- Know when it is appropriate to up-sell
What is the target audience?
- This course will be of interest to practice managers, partners and employees who would like to understand how to bill clients successfully and thereby successfully manage financial relationships.
Description
Today solicitors run a business. Solicitors sell their knowledge as time – Time is a valuable commodity but only if you value it correctly.
Businesses need to make a profit but they must also comply with mandatory outcomes and "sound financial management," so effective client fee management is essential to ensure both increased turnover and profitability.
During the course, experienced lecturer Sue Edwards will offer viewers with practical guidance on how to determine the correct fees to charge and how to approach the billing of clients, as a well drafted bill that fully focuses on what the client wants and needs to understand will reduce the likelihood of a complaint about the bill.
Whilst this course will be of particular relevance to the private client, with changes to legal funding this will become increasingly applicable to all client dealings and will discuss the pros and cons of quotes versus estimates and fixed costs versus no fixed costs
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.