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This article focuses on a shift in the billable hour paradigm and how law firms and clients must look forward and focus on the outcomes that are desired, rather than looking backwards at the cost of production. The billable hour has diametrically opposed functions for both sides in the relationship: (1) unit of production and (2) basis of profitability. Not until both sides understand that you can't have the same unit serving dual purposes, will they truly understand alternative fees and value-based relationships. This article delves into what is required to establish a new model for law firm economics.

<p/>This ACC Value Challenge resource is part 2 of a 3 part series. To view the other resources in this series, please click here:</p>
<p class=><a id=CP___PAGEID=1365185| href=/legalresources/resource.cfm?show=1365185>ACC Value Challenge: Facing Up to the Challenge - The Case for Change (Part 1)</a></p><p class=><a id=CP___PAGEID =1365213| href=/legalresources/resource.cfm?show=1365213>ACC Value Challenge: Facing Up to the Challenge - The Transition (Part 3)</a></p>

This is a sample contract policy.

This is a sample computer, email and internet usage policy.

Results can be multiplied when you put together any combination of in-sourcing, unbundling, alternative legal service providers, process improvement, value-based fees and technology.

The development of blockchain technology is moving quickly, but there are still questions about government oversight and competition. Blockchain technology implicates privacy, antitrust, and securities law issues.

This Wisdom of the Crowd, compiled from questions and responses posted on the New to In-House Forum, addresses the systematic steps that an in-house counsel should take when a company is served with a new lawsuit.

For in-house legal departments, relationships with Outside Counsel are integral to overall management of matters and outcomes. A solid relationship creates synergy and partnership; a dysfunctional one creates frustration and typically increases costs. One of the most common tools to enhance client/firm relationships is setting effective Outside Counsel Guidelines (OCGs). Read this article written by Brenda Hansen, Sr. Legal Operations Consultant, Epiq Legal Business Advisory, for tips on drafting effective and impactful Outside Counsel Guidelines.

Read Todd Silberman's insights on the balance between work and life. Do we live to work or work to live?

This article contains five tips for freshening up your legal resume right now.

This article examines industry changes resulting from an automated workforce and identifies future trends.

Despite the CLO’s best efforts, Legal is almost always viewed as a cost center within the corporation. What are the most effective ways that you as a CLO can continuously prove your value to the company, what metrics do you use to do it, and how do you get the company to see the cost savings that result from early and regular consultation with Legal?

This is a sample personnel policy concerning corporate credit card use.

Career Path Columnist Bjarne P. Tellmann discusses the various types of diversity that a company needs in order to succeed.

In his final Career Path column, Bjarne P. Tellmann shares how to embrace change — no matter how daunting.

Work-life balance is not about having equal energy for all parts of our life. Instead, it's about taking care of yourself and identifying your priorities.

"To sharpen the saw," sometimes it's important to learn, play, and rest before tackling your to-do list.

Though most businesses avoid using this particular word, Business Ethics Columnist James A. Nortz argues that it should be synonymous with "ethics."

Honest performance reviews are the only way your employees can make reasoned decisions about their future lives and careers.

Creating an outline or script before an important discussion can increase the effectiveness of the verbal communication. Here's how.

Columnist James Wong discusses the benefits to becoming an adjunct professor.

If you feel stuck at work, recall your initial excitement and determine what you need to do to reignite that spark.

This article includes a six-step action plan to help you become more productive on both the individual and team levels by making better use of three important resources time, technology and human resources.

Overview of issues related to social media's use in corporate communication. Includes guidance on creating a social media policy.

This sample is an executive summary of a contract policy.

This checklist provides a means to determine if your business is affected by the Utah Consumer Privacy Act (UCPA). If your business falls under this category, this checklist also covers building action items that move the organization toward compliance.

Read this article to learn tips for turning adversity into opportunity.

This is a sample social media policy.

Standard provisions are considered as time and money savers. However, they are not always free of risks and may raise several questions about contract law, consumer law and competition law.

This paper examines the role that the Common Market for Eastern and Southern Africa (COMESA) plays as a multi-national organization that enforces competition law.

The global legal landscape of the cannabis market can be confusing. In this article, in-house counsel can learn more about global regulations, state of the industry, the basics of the market and more. Meritas produced this resource in 2019.