Six Compelling Reasons Why a Contingent Firm Should Track Time
Reblogged from Oregon Law Practice Management.
Today we’re sharing a great post from the Oregon Law Practice Management blog: Six Compelling Reasons Why a Contingent Firm Should Track Time. Washington lawyers, be sure to review the Washington RPCs.
Originally posted on Oregon Law Practice Management:
Contingent fees are appealing in part because many lawyers believe that charging a percentage of the client’s recovery frees them from tracking time. True: you are not rendering a detailed hourly billing each month to your client. But before you brush aside the necessity of tracking your time entirely, please consider the following:
Defending Your Fee
1. If the client challenges your fee as excessive under Oregon RPC 1.5, tracked time will prove the effort you have put into the case.