CMS Cameron McKenna shakes up its billing structures
CMS Cameron McKenna has launched a new billing concept under which clients can pay what they think the legal services are worth.
The firm has notified 3,500 existing and prospective clients of its new alternative fees arrangements which offer a range of options including a fixed rate model with monthly payments, a one-stop option that rewards clients for placing the majority of their work with Camerons, and fee mechanism for oil clients that matches fees to the price of oil.
Head of new business Damian Taylor said: “It’s part of legal procurement becoming smarter. It’s been a feature of the last year or so that clients say we have to think harder about fees. For some it’s about the rate, and for some it’s about what they get for that rate.”
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