ALTERNATIVE FEE ARRANGEMENTS
ALTERNATIVE FEE ARRANGEMENTS Several types of fee agreements are common in legal practice in Germany. Still the most widespread one is the traditional ‘billable hour’ (model 1); a modification of this is the ‘blended rate’ (model 2). In the hourly rate model, the client pays an hourly amount based on the seniority of the relevant […]
FRANKFURT-BASED START-UP LINTUM CLOSES ANOTHER FINANCING ROUND
FRANKFURT-BASED START-UP LINTUM CLOSES ANOTHER FINANCING ROUND Frankfurt-based legal tech start-up Lintum successfully closed its second financing round with BMH Beteiligungs-Managementgesellschaft Hessen mbH and leading figures from the German legal market in May 2021. Frankfurt-based legal tech start-up Lintum successfully closed its second financing round with BMH Beteiligungs-Managementgesellschaft Hessen mbH and leading figures from the […]
DIGITAL LEGAL PROCUREMENT – A TREND STILL GAINING STRENGTH POST-CORONA?
DIGITAL LEGAL PROCUREMENT – A TREND STILL GAINING STRENGTH POST-CORONA? What were the main effects of the 2008 financial crisis for legal departments of corporations in Germany? As a result of that profound economic crisis, Chief Financial Officers and General Counsels started rethinking their purchasing of legal services. Corporations increasingly understood that the cost of […]
ARE LAW FIRM PANELS AND AUCTION-BASED RFPS MUTUALLY EXCLUSIVE, AND DO PANELS DELIVER THE EXPECTED RESULTS?
ARE LAW FIRM PANELS AND AUCTION-BASED RFPS MUTUALLY EXCLUSIVE, AND DO PANELS DELIVER THE EXPECTED RESULTS? In recent years, a number of the largest German corporations have created so called ‘Panels of Law Firms’, ‘Preferred Law Firm Lists’ etc. in the hope to considerably reduce their legal spend (According to a survey published in 2015 […]
LWYRD! Postcast incl. exclusive Director’s Cut
Lintum visited LWYRD! Together with host Katharina E. Gangnus, Christian W. Jakob and Dr. Jens Kellerhoff talked about the changing German legal market, digital legal procurement and uncovered exciting insights about Lintum in the following podcast episode and exclusive Director’s Cut. Tune in to find out more!
