For anyone with any interest in law firm pricing, yesterday’s post by BTI Consulting’s MadClientist was an absolute shocker on current law firm billing tactics. The post – ‘Law Firm Billing Breakdowns Go Bonkers‘ – sets out 6 current [alleged] billing tactics by law firms:
Retroactive rate increases
A new record in delayed billings
Ongoing and multiple rate increases
Who is that?
Sending bills for the amount of a rate increase
It might just be me, but this last one – ‘Sending bills for the amount of a rate increase’ – seems to come with some ethical issues attached:
Clients report receiving invoices for previously performed (and paid for) work to compensate law firms for the rate increases just as the work was winding down or for matters in process.
Read the post. If nothing else, it’s entertaining!