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On Demand

Profitable Alternatives to the Billable Hour


Credit Available - See Credits tab below.

Categories:
Law Firm Management
Faculty:
Lauren Lester
Program Credits:
1-2
Credit Type:
General
Program Type:
On Demand


Description

In today's legal landscape, traditional billing methods are facing increasing scrutiny due to their limitations in transparency, predictability, and alignment with client interests. This Continuing Legal Education (CLE) course explores the transition from cost-based to value-based pricing in legal practice. Participants will delve into the challenges of traditional billing models, debunk common myths surrounding alternative pricing approaches, and learn practical strategies for implementing value-based pricing. Through interactive discussions and hands-on exercises, participants will gain the knowledge and skills needed to effectively price legal services based on the value delivered to clients, enhance client satisfaction, and achieve sustainable profitability.

Learning Objectives:

1. Understand the limitations and drawbacks of traditional cost-based billing methods in legal practice.

2.  Identify common myths and misconceptions about alternative billing approaches, such as value-based pricing.

3. Explore the principles and benefits of value-based pricing in legal services, including transparency, alignment with client interests, and profitability.

4. Learn practical strategies for transitioning from cost-based to value-based pricing, including assessing value, determining fees, and setting client expectations.

5. Gain insights into the elements of value in legal services and how to effectively communicate and demonstrate value to clients.

6. Develop skills in pricing legal services based on factors such as complexity, risk, and client outcomes, while considering market competition and client budgets.

7. Understand the importance of clear engagement agreements in value-based pricing, including defining scope, milestones, assumptions, and expectations.

8. Explore techniques for marketing and promoting value-based pricing to clients, including effective communication and setting pricing expectations.

9. Learn best practices for implementing value-based pricing in legal practice, including monitoring performance, collecting revenue, and adjusting pricing as needed.

10. Develop a personalized action plan for transitioning to value-based pricing in their legal practice, tailored to practice area, client base, and business goals.

Credits


Alabama

AL General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved


Alaska

AK General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved

CLE programs which take place outside of Alaska or are webcast from outside of Alaska are not required to be accredited by the Alaska Bar Association.  Alaska Bar members may claim credit for attendance at CLE programs offered in or from other jurisdictions if the program has been accredited by another MCLE jurisdiction.  


Arizona

AZ General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved

The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.  This activity may qualify for up to 1 hour(s) toward your annual CLE requirement for the State Bar of Arizona, including 0 hour(s) of professional responsibility.


California

CA General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/18/2026
Status: Approved
Provider Number:


Colorado

CO General

Credit Type: General
Credit Amount: 2
Course Type: On Demand
Course Expiration: 12/31/2026
Status: Approved
Provider Number: 


Connecticut

CT General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved


Delaware

DE General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2026
Status: Approved


Florida

FL General

Credit Type: General
Credit Amount: 2
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved
Provider Number: 


Georgia

GA General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved
Provider Number: 


Hawaii

HI General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2026
Status: Approved


Idaho

ID General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2029
Status: Approved


Illinois

IL General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/20/2027
Status: Approved
Provider Number:


Iowa

IA General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/20/2026
Status: Approved


Kansas

KS General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 07/31/2026
Status: Approved
Provider Number: 5809


Maine

ME General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/18/2026
Status: Approved
Provider Number: 


Maryland

MD General

Maryland attorneys do not have MCLE requirements.


Massachusetts

MA General

Massachusetts attorneys do not have MCLE requirements.


Michigan

MI General

Michigan attorneys do not have MCLE requirements.


Minnesota

MN General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2026
Status: Approved
Provider Number:


Missouri

MO General

Credit Type: General
Credit Amount: 1.8
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved
Provider Number:


Montana

MT General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved
Provider Number:


Nebraska

NE General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2026
Status: Approved


Nevada

NV General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 12/31/2027
Status: Approved
Provider Number: 


New Hampshire

NH General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved

NHMCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. The provider believes this course meets the requirements of NH Supreme Court Rule 53 and may quality for 60 minutes toward the annual NHMCLE requirement. New Hampshire attendees must self-determine whether a program is eligible for credit, and self-report their attendance.


New Jersey

NJ General

Credit Type: General
Credit Amount: 1.8
Course Type: On Demand
Course Expiration: 05/05/2026
Status: Approved
Provider Number: 


New Mexico

NM General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2029
Status: Approved


New York

NY General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved


North Carolina

NC General

Credit Type: General
Credit Amount: 1.5
Course Expiration: On Demand
Expires: 02/28/2026
Status: Approved
Provider Number: 


North Dakota

ND General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved


Ohio

OH General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved
Provider Number: 


Oklahoma

OK General

Credit Type: General
Credit Amount: 2
Course Type: On Demand
Course Expiration: 06/19/2026
Status: Approved
Provider Number: 2839


Oregon

OR General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 09/19/2026
Status: Approved


Pennsylvania

PA General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration:
Status: Not Approved
Provider Number: 


Rhode Island

RI General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Expires: 06/30/2026
Status: Approved
Provider Number: 


South Carolina

SC General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved
Provider Number:


South Dakota

SD General

South Dakota attorneys do not have MCLE requirements.


Tennessee

TN General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/09/2026
Status: Approved


Utah

UT General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved


Virginia

VA General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration:
Status: Not Approved


Washington

WA General: Other

Credit Type: General: Other
Credit Amount: 1.5
Course Type: On Demand
Course Expiration: 06/18/2029
Status: Approved
Provider Number:


West Virginia

WV General

Credit Type: General
Credit Amount: 1.8
Course Type: On Demand
Course Expiration: 06/19/2027
Status: Approved


Wisconsin

WI General

Credit Type: General
Credit Amount: 1.5
Course Type: On Demand
Course Expiration:
Status: Not Approved



Materials

Faculty

Lauren Lester's Profile

Lauren Lester Related Seminars and Products

Founder

Lester law


Lauren Lester is a solopreneur who supports clients in Colorado through life’s milestones with her firm Lester Law.  She is also passionate about the business of law and helping lawyers build profitable practices they love, leading her to co-found A Different Practice, which develops practical resources on how to ditch the legal profession’s antiquated approach and optimize your law firm for growth and enjoyment.  Her commitment to making the law more accessible and understandable also led Lauren to create LawGuides to help Coloradans navigate the court system with more confidence and control.  She is an active member of several legal organizations and is a Board Member of Legal Entrepreneurs for Justice and a volunteer with Metro Volunteer Lawyers, providing assistance to low-income clients with divorce and custody matters.