Litigation Boutique of the Year Winner Bartlit Beck: Unique Model, Unmatched Results

Here's a law firm that handles litigation and charges flat fee. The fee system is brilliant, and similar to the system used by my former employer, a management consulting firm. It's curious to me that more attorneys don't bill this way, because from the client's point of view, this is wonderful.

Here's the excerpt:

<p>Litigation Boutique of the Year</p> Winner Bartlit Beck: Unique Model, Unmatched Results: "Bartlit Beck's unique fee structure is both a matter of principle and a basic tenet of the firm's high-risk/high-reward business model. The firm negotiates its compensation individually with each client, but typically clients pay a flat monthly fee, holding back a percentage ranging from 20 to 40 percent. If the case goes awry, the client pockets the holdback. If the client wins, the firm receives a bonus that can amount to five times the holdback or more. The system forces the firm to choose its cases carefully, which, the firm insists, means that clients receive a frank assessment of their chances. 'We've had cases where we told clients their case wasn't very good, and they came back and said the other firms they're talking to didn't tell them that,' says Beck. 'I say, yeah, but they're billing you by the hour.'"