More on Fixed Prices and LPO

September 11, 2010

Recently, I posted A Financial Model for Law Firms to Embrace Alternative Fees & LPO, wherein I outlined a complex model that would allow some law firms to incorporate offerings from LPO vendors into fixed price law firm offerings.  There are, however, less complex models that can incorporate LPO services into fixed price legal services, and they are in use today.  As outlined below, two pioneering LPO firms, LawScribe and SDD Global Solutions, already provide services that can easily be incorporated into fixed price offerings.  LawScribe provides ongoing support to law firms offering trusts and wills, and SDD Global has provided overnight drafting services to a firm in connection with an acquisition.

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