In a paradigm shift for the legal industry, two entrepreneurial attorneys with a big vision have created a new business model that started with jettisoning the traditional billable hours model and ultimately accomplished so much more.
Gwen Griggs and Whitney Harper have dedicated more than eight years to creating what they describe as a way to “leverage technology to love your work.” The method they developed has been honed through their law practice, ADVOS Legal, and is now offered to the industry at large through its sister business, ADVOS Pro.
ADVOS Pro has packaged this revolutionary approach into its P3 Method course, which is a six-month program designed to provide lawyers with the tools and know-how to transition away from billable hours and onto a deliverables-based model. The P3 Method essentially redefines the economic relationship between attorneys and clients, focusing on the value delivered to the client and incentivizing excellence and efficiency for the lawyer. By moving away from the billable hours model, this new system holds the potential to reshape the dynamics of the legal profession and the lawyer-client relationship.
For years, attorneys have relied on the billable hours model, which has been met with growing criticism. The conventional hourly billing method often prioritizes time spent over the value delivered to clients, leading to inefficiencies and escalating costs, as well as friction between clients and lawyers. It also injures the public’s perception of and willingness to engage with the legal profession, as clients cannot predict or manage their legal expenses and often do not understand their options with respect to the handling of their legal matters. Recognizing these inherent flaws, Griggs and Harper set out to reimagine pricing and delivery of legal services.