"We have adopted policies to protect ourselves against being abused at the end of cases.
* Nonrefundable portion of retainer. Experiences where the mention of our being hired facilitated settlement and suggestions that we shouldn't earn a fee because we did no work caused this one.
* Apply the retainer to the last bill.
* Must be current at important milestones, e.g., prior to deposition or trial testimony or issuance of final reports.
* Regular billing. This not only avoids surprises, but starts the clock running on a/r.
Nothing new in the above, but simple things like staying on top of billing, and exercising leverage when one has it (prior to something happening that the lawyers want)."
Thursday, April 26, 2007
Protective Billing Practices for Expert Witnesses
One comment in response to my post about experts discounting their fees I think could be helpful to many of you.