Honigman uses a data-driven approach to offer our clients fee options, allowing them to make informed decisions based on their needs.
In keeping with the trend away from the traditional billable hour, Honigman FOCUS provides our clients with a suite of creative pricing options. Driving toward a shared understanding of “success,” our pricing professionals work with clients to identify suitable fee structures based on their needs and goals, leveraging data analytics tools to inform the resulting alternative fee arrangement.
Once a particular fee arrangement is selected, our pricing professionals work with our legal project management team to monitor the performance during the lifecycle of the matter. The Honigman team periodically meets with clients to ensure the arrangement remains satisfactory and appropriate in light of actual performance and any new developments in the matter.
How creative pricing drives value for you:
- Receive tailored options, allowing you to make an informed decision to best suit your operations.
- Fee arrangements designed to meet your goals and expectations, not simply using traditional rates or pricing methods – some engagements require predictability, while others are outcome-driven.
- Data-backed pricing of legal services – transparency is critical. We utilize–and share–data, when appropriate, to arrive at a proposed arrangement.