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Courses/Law/Law Practice Management

Legal Billing: Value-Based Pricing in the Age of AI

Leverage Artificial Intelligence to Enhance Efficiency and Predictability in Legal Services

Created byKen Callander
4.6
(222 reviews)
BeginnerUpdated May 11, 2024
Legal Billing: Value-Based Pricing in the Age of AI

What You'll Learn

check_circleUnderstand the fundamentals of value-based pricing and how it differs significantly from traditional hourly billing practices.
check_circleAnalyze the impact of AI on legal billing and its potential to streamline operations and reduce reliance on manual billing tasks.
check_circleExplore strategies for implementing value-based billing in legal practices, including how to manage change and transition effectively.
check_circleEvaluate the long-term benefits and challenges associated with value-based pricing, including its effects on client satisfaction and firm profitability.

About This Course

This course delves into the transformative shift from traditional hourly billing to value-based pricing in the legal sector, propelled by advancements in artificial intelligence. Participants will explore how AI and value-based models can significantly enhance operational efficiency, reduce costs, and improve predictability in legal billing. This course is ideal for legal professionals, law firm managers, and corporate legal departments seeking to understand and implement progressive billing practices that align better with client expectations and modern business environments.

Course Topics:

  1. Overview of Traditional vs. Value-Based Billing Models
  2. The Role of AI in Revolutionizing Legal Billing
  3. Implementing Value-Based Pricing in Law Firms
  4. Challenges and Benefits of Transitioning to Value-Based Billing
  5. Future Trends in Legal Billing and AI's Impact

Your Instructor

Ken Callander
Ken Callander

Managing Principal at Value Strategies LLC

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star222 reviews

Ken Callander  is Managing Principal of Value Strategies LLC, a consulting firm that specifically works with corporate legal departments helping them get more value and predictability from their outside counsel relationships.  His specialty is helping clients transition their engagements with law firms from the hourly fee pricing model to value-based fee arrangements.  For corporations this process not only provides better legal budget predictability while eliminating legal invoice review, but it also reduces total legal spend by an average of 20% - 50%.  His current clients include the largest companies in ride-sharing, money transfer, social media and internet search along with multi-national conglomerates and the largest university system in the United States.  As the founder of Value Strategies LLC, Ken was Head of Legal Operations and Chief of Staff to the General Counsel at Uber Technologies.  Prior to Uber, Ken was the Chief Marketing Officer and Director of Business Development at Davis Wright Tremaine LLP, a 600-attorney international law firm and before that was an executive at Hewlett Packard in operations and marketing where he was considered an expert in the pricing of professional services.  Ken graduated with a degree in Physics/Physical Sciences from Stanford University, is a Certified Pricing Professional (CPP) and lives in San Francisco. 

Credit Information

What Students Are Saying

4.6
Student's Choice
222 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.