baked documents downloaded from the Internet?
This paper has distinguished between preparing a First Draft, and preparing a final draft, and noted that a key component of the bill for preparing the First Draft ought to be the Precedent Usage Fee. There is a risk that, once high quality documents are available online, clients will come to law firms with their own first draft, saying “We’ve already created a first draft ourselves, so we don’t need your precedent, and therefore don’t need to pay the Precedent Usage Fee”. Of course every lawyer has experienced a client who presents them with an unworkable document and asks them to “just check it quickly”, or “fix the worst problems”. That was okay in a world where the document was bad and one billed purely for time. In the scenario envisaged here, the document will be good, and so the work you are asked to perform is likely to be less. The most effective response to this threat is clearly to charge a competitive Precedent Usage Fee. If you can do this, then there is no reason why you
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