Patrick Lamb and three friends launched Valorem Law Group on January 2, 2008 with the objective of representing business interests in complex commercial litigation using non-hourly fee structures. At the time, before the economic downturn, the firm had no company on the trail away from hourly billing. Now, with 11 lawyers and more than seven years of success using this new model, Valorem hears many firms claim to offer alternative fees. Even cursory review shows that most of those firms base their alternatives on expected hourly fees—the wolf in sheep’s clothing syndrome or as one commentator put it, “hourly billing in drag.” Pat leads Valorem’s efforts to provide fee arrangements where risk is actually shared and where outcomes determine the fees, not the time to secure the outcomes.
Success Quote/Mantra:
Your client’s best problem is the one you prevent.
Recommended Resource:
Recommended Book:
The Checklist Manifesto, Atul Gawande
Contact Info:
http://www.valoremlaw.com/bios/patrick-j.-lamb
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