Raymond & Bennett LLC is a leader in innovative alternative fee arrangements. Change is coming to the way lawyers charge for their work, but most law firms still offer only one choice — the hourly rate. The longer it takes, the more you pay. Large corporations, insurers and individuals are sometimes better served by alternatives to the billable hour. Whether you are general counsel to a large international company looking for predictability in costs for a large project or litigation matter, or a local small business owner seeking a monthly payment plan, the bottom line is your budget. We have a menu of options that may fit your needs.
- Success-based fees
- Contingency fees
- Hybrid hourly fees
- Guaranteed phase budgets
- Monthly retainer arrangements
We craft the fee arrangement to fit your specific type of matter and work with you to define goals for our engagement. Of course, we offer competitive hourly rates for situations where the traditional billing method works best. For more information, click here.
In The LegalBizDev Guide to Alternative Fees, Raymond & Bennett is featured as one of a group of progressive firms on the forefront of promoting alternative fees. Click here for more information.
Raymond & Bennett gets cover feature in General Counsel New England magazine.
Raymond & Bennett is RealValue™
Today's business environment demands a real change in the way we do things to be successful. More so than ever, clients, in-house attorneys, and outside lawyers must work together to increase efficiency and demonstrate value for the money spent on litigation. Raymond & Bennett is ahead of the curve when it comes to lean practices, unique law firm design, and use of technology to reduce the costs of our services for clients. At Raymond & Bennett, we call it RealValue.™ How do we do it?
Here are just a few of the factors that make our RealValue™ program a success:
- Unique, lean law firm design with no secretaries, a blend of remote associates and brick-and-mortar associates, selective, secure use of outsourced support functions (U.S.-based partners). This makes us scalable and efficient.
- Fully digital law office (no paper files!) with all documents fully text searchable; a customized software suite for all functions from case management to billing.
- No client charge for our overhead — legal research database, scanning, copying, mail, fax, long distance calls, mileage: it's all included in our fee.
- We learn about your needs and create a specially tailored alternative fee structure designed to make costs predictable and deliver excellent results — or we don't get our full fee. We also offer discounted, value-based hourly fees in those circumstances where this option is best.
- Critical data mining — we track information on opposing counsel, judges, ADR professionals, and case results to measure and improve results over time.
- Knowledge management — we automate forms and continuously build.
- Measuring success — put our RealValue™ program to the test! We accept all challenges to go head-to-head with our RealValue™ program matched against your current counsel. We will substantially impact your bottom line — and prove it through an agreed set of metrics to measure our success. We only get our full fee if we save costs and deliver excellent value.
