Value Based Pricing – Putting it Into Practice – Leo Cussen Centre for Law

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Value Based Pricing – Putting it Into Practice

Value Based Pricing – Putting it Into Practice

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Time-based costing has long been a thorn in the side of many private practice lawyers, and it is not surprising that law firms and practitioners are increasingly looking to value-based pricing as a viable alternative. While the benefits of value-based pricing are clear, the task of determining the quantum of fees to be charged for different matters can seem overwhelming, particularly depending on your practice area.

In this practical and informative seminar, our expert presenter will provide guidance on the factors to consider when determining fixed fees and will discuss issues including:

  • How to price and determine value.
  • When it is suitable to use value-based pricing.
  • Benefits and challenges of value-based pricing.
  • Risks and opportunities.
  • Managing scope changes.
  • Legal compliance.

This seminar is a must for practitioners considering the move to value-based pricing.