TRANSFORMING LAW FIRM PRACTICE
Greystone rejected the traditional law firm model and designed a modern law firm founded on the following core values:
- To create and maintain a partner-only law firm with excellent attorneys to provide our clients with superior service and direct contact with their counsel.
- To enhance profitability by reducing overhead in the same manner as our clients.
- To build net worth by taking risk and investing in clients and projects and create opportunities to be compensated on a basis other than the sale of billable hours.
- To provide an option for clients by providing direct access to “big firm” attorneys with superior flexibility in how we price our services.
Most traditional law firms focus on lawyers, not clients. Their practice model relies on large numbers of people billing large numbers of hours, often without regard for the value of the work to the client. We reject that model. We’ve eliminated the inherent inefficiencies of a leveraged partner/associate hierarchy, to focus exclusively on our clients. Greystone is committed to building working partnerships with our customers and delivering the highest caliber work product with entrepreneurial vigor.
We develop partnerships with our clients. We take risk and invest in clients and projects and create opportunities to be compensated on a basis other than the sale of billable hours. The traditional hourly rate billing system rewards the wrong behavior; it has an inherent conflict between what is good for the lawyer and what is good for the client. Greystone has fundamentally changed the pricing of its legal product. We work closely with our clients to create a pricing arrangement that provides incentives to us and accomplishes our client's desired result. We are not able to create with an innovative pricing arrangement for every matter and some clients prefer to be billed on an hourly basis. In these cases, we employ a value-based pricing system for our loyal clients that includes the ability to adjust each invoice based on the value of our legal services to our clients.
Please contact us for further information about the firm and our services.