Alternative Legal Fees Lead to Success, Growth for Dallas' Skiermont Puckett
Law firm's no-hourly billing model highlighted in Texas Lawyer newspaper
DALLAS, Aug. 8, 2013 /PRNewswire/ -- When forming their law firm two years ago, veteran trial attorneys Paul Skiermont and Donald Puckett took a radical approach when they decided to attempt to rely exclusively on alternative fee arrangements in client billing.
The two intellectual property and commercial litigators believed that basing Skiermont Puckett's fees on meaningful results and efficient practices would be embraced by existing and potential clients throughout the nation.
The firm's ongoing success and its growth to 10 attorneys since 2011 is the subject of a cover story titled "The Future of Fees" in the July 29, 2013, edition of Texas Lawyer newspaper, the state's oldest independent legal publication.
While the Texas Lawyer article notes the growing acceptance of alternative fee arrangements among Texas law firms, Mr. Skiermont says he and his fellow firm attorneys are able to distinguish themselves among other firms in the legal industry that adhere to the traditional mandate of hourly fees. The key, Mr. Skiermont says, is providing clients with a range of options, including flat monthly fees, fixed project-based fees, bonuses, contingency fees or a blending of these individual arrangements.
"Don and I believed that we'd gain positive reactions from clients by using different arrangements that fit each of their needs, in addition to providing greater certainty for their budgets," says Mr. Skiermont. "I'm pleased to say we've been proven correct. The resulting success we've had for our clients will continue to support the firm's growth in revenue and number of attorneys, and that's very gratifying."
Skiermont Puckett currently represents a variety of clients in patent infringement litigation, including LoggerHead Tools LLC, the Illinois-based creator of the Bionic Wrench®; health care information technology and services provider HealthTrio, LLC, of Denver; Illinois-based electronic ballast manufacturer Robertson Worldwide; and Leak Surveys Inc., a Texas-based gas leak detection and services provider.
About Skiermont Puckett LLP
Skiermont Puckett LLP focuses on complex commercial litigation, with a particular emphasis on patent infringement and other intellectual property litigation. Based in Dallas, Skiermont Puckett handles cases nationwide for domestic and international clients, and the firm is noted for its innovative use of alternative fee arrangements.
For more information on Skiermont Puckett and the firm's innovative fee arrangements, please contact Barry Pound at 800-559-4534 or [email protected].
SOURCE Skiermont Puckett LLP
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