Many fee problems can be avoided by consistent use of good client intake procedures. Never let your clients billing questions go unanswered. Anticipate and answer questions before they are even asked. But if the client is always well-informed, a malpractice case may be less likely. A Colorado attorney will answer your questions regarding potential liability problems and loss prevention.
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Although Mike's firm had a strong client base, he had recently noticed that several clients over the past year had changed firms because of the increasingly competitive hourly rates for attorneys in the Denver area. At their last meeting, Mike and his partners had brainstormed about ways to keep their current clients at the same hourly rate while continuing to grow their business. Mike suggested that the firm should offer to provide annual prepaid legal services, which would provide the firm's clients with competitive rates based upon the amount of legal work required over an annual period, while providing the firm with a solid income stream at the beginning of each year. Consequently, Mike's firm signed up several clients to annual flat-fee contracts. In two of the disputes that Widget had sent over, Mike discovered that the firm had a conflict of interest in light of relationships with the parties adverse to Widget.