Alternative Fee Arrangements
We have spent years examining what works.
The traditional western law firm fee arrangement based on the billable hour does nothing to incentivize your outside counsel to be efficient. The global marketplace is swept up in attempts to move to alternative fee arrangements (AFAs), but most attempts have not been successful for either the law firm or the clients they serve.
We have spent years examining what works and what doesn’t work in AFAs and can help corporate legal departments develop the skills to create successful AFAs including scoping, pricing, and identifying which AFA is right for the particular matter under consideration.