'Demanding' clients should avoid fixed fees

A law firm which abandoned the billable hour a year ago has given advice on which kinds of organisation are best suited to using fixed fees.

Screening clients is vital for assessing alternative fees arrangements Matez Kastelic

Barbara Hendrickson of Toronto-based BAX Securities Law says that 'careful screening of clients' is vital to see in which cases alternative billing will be successful. She adds: 'Demanding” clients or clients who need constant hand holding will not be good candidates for a fixed retainer.'  Amongst several other pointers, she says: 'An upfront cash retainer proportionate to the size of the total retainer and periodic billing as the services are provided is also critical.' Source: Canadian Lawyer

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