One of the more interesting blogs on the web is morepartnerincome.com. While the name suggests billing more hours, this blog often posts on alternative billing options. Check out this great post on Law Firm Pricing Model to Win Business where they offer up this novel pricing model.
NEXTRA’s pricing model appears to be designed to overcome that buyer resistance. Under the NEXTRA pricing model, the buyer pays the lowest of three values:
- A guaranteed capped amount;
- An agreed upon blended rate times actual hours;
- The amount of hours at the hourly rate of each timekeeper.