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Description: This Program will discuss traditional vs. alternative billing arrangements from an ethical and business perspective. The recent pandemic has left several companies with large, complex problems and minimal budgets. Continuing to assist clients using a traditional $XX per hour protocols may prove challenging. There is a strong business case for offering alternative billing arrangements, if those arrangements are in line with the professional rules of conduct. Several law firms offer blended rates, but those arrangements are based on traditional practices of exchanging time for money. That type of relationship will likely be uncompetitive for firms dealing with companies that are not publicly traded. During the discussion, we will converse about the various value-based billing options such as collar fees, fixed fees, success fees, contingency fees and reduced or no fees in lieu of client equity and their inherent risks and advantages. In addition, the program will examine ABA Model Rules 1.5, 1.7, 1.8, 7.1 and 8.4 along with ABA Formal Opinion 00-418 and NYC Eth. Op. 2000-3. Rania V. Sedhom and Matthew Scott of Sedhom Law Group will help listeners understand the legal and business framework of alternative fee arrangements.
Presenter Bios
Rania V. Sedhom, Managing Partner of the firm, is an attorney who provides practical and efficient solutions to complex problems. Rania has extraordinary interpersonal skills that allow her to forge win-win relationships across diverse organizations and cross-functional stakeholders. She is also a skilled legal and business commentator with appearances on national print and TV media, including L.A. Times, the Chicago Tribune, the Baltimore Sun, Forbes, Inc., Business Week, and CNN Money.
Rania is admitted to the Bars of the State of New York and New Jersey, the Eastern District of New York, the Southern District of New York, the District of New Jersey and the Third Circuit. Rania attended Syracuse University College of Law, where she was Editor of The Labor Lawyer and The Digest and served as Vice-Justice of the Phi Alpha Delta Law Fraternity. Prior to law school, Rania attended Columbia University where she majored in political science.
Rania currently resides in New York City with her husband Jose.
Matthew J. Scott joined Sedhom Law Group in December 2019. He attended The Ohio State University, where he received a B.A. in History in 2016 and a J.D. in 2019.
Matt is admitted to practice law in the State of New York and is awaiting admission in Texas.
 | | Practice Areas: | | Ethics & Professional Responsibility | | | Online Media Type: | | Audio | | | Production Date: | | 07/21/2022 12:00 PM EDT | | | Level: | | Intermediate | | | Category: | | Standard | | | Duration: | | 1 Hours, 0 Minutes | | | Online Format: | | Live | | | Course Type: | | Public |
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Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
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| | • | Rania Sedom - Sedhom Law Group | | • | Matthew Scott - Sedhom Law Group |
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