Tips for Better Retainer Agreements, Billing and Law Office Management Practices in the Age of Rapidly Developing Tech
Category: On Demand
Member Price: $184
Non-Member Price: $230
Areas of Law: Ethics, Law Office Management
Keynote
Moderator
Presenters
- Thomas H. Andrykovitz, Esq.
- The Law Offices of Thomas H. Andrykovitz, PC, NYC
- Thomas H. Prol, Esq.
- Past President, New Jersey State Bar Association
Sills Cummis & Gross, PC, Newark
Don’t be an April fool! Join past NJSBA President Thomas H. Prol and respected litigator Thomas H. Andrykovitz as they present this timely and important program on drafting retainer agreements in an era of rapidly changing technology.
A well-drafted retainer agreement protects both the lawyer and the client. In its simplest form, it clearly outlines the scope of services, fee structure and payment terms. However, with the rapid growth of artificial intelligence and other technological advancements, retainer agreements are evolving to address these new technology-driven efficiencies through new and inventive alternate fee arrangements.
The speakers will provide insights into the most effective retainer agreements in the modern age with a look at essential clauses, alternative billing arrangements and ethical requirements. Discussion will also include tips on billing practices with an analysis of the most current case law on the subject as well as other “hot tips” on other law office management efficiencies.
Don’t miss it!
Topics include:
- Retainer agreement tips and strategies
- Setting a competitive hourly rate. What is reasonable? When is an hourly rate appropriate or required under the RPC’s?
- New Jersey contingent fee agreement rules 1:21-7; RPC 1.5(b) including the pros and cons of continency fees
- Ethical issues when interfacing with the client- reasonable fees R. 1:21-7 and ethical requirements under RPC 1.5
- Alternative fee arrangements due to new technology – what are they and how should they be drafted in retainer agreements?
- When is a retainer agreement unenforceable?
- Offers of judgment
- The Balducci v Cige decision - including ethical issues and relevant RPCs
- A review of current caselaw involving retainer agreements