On the VeraSage blog, Ron Baker posted "Lloyd's of Lawyers (or, If only insurance companies would learn how to price)."
It's a thought-provoking piece reminding us that if an actuary can determine "how" to price disaster insurance in advance, certainly a seasoned lawyer can determine how to price a litigation matter.
It's not that NO lawyers are providing fixed prices, it's that those who don't offer their greatest barrier as the RISK in fixed prices.
We find that the lawyers who do fixed pricing (in advance), even for litigation, price per phase of work.
While one may not know all the possible steps involved from beginning to end in any matter (especially with regard to surprises from opposing counsel), each step starting with establishing the case and performing discovery, can be pretty well defined by those with experience.
Enjoy Ron's post and please be sure to comment.