Sentences with phrase «alternative fee»

2014 May «Alternative Fee Arrangements That Work for Clients and Lawyers» by Paul Bonner and Deborah McMurray (ABA Law Practice Today) >> READ ARTICLE

Here are 6 alternative fee structures for law firms to consider, along with an explanation of the risks and benefits of each.

With counsel pursuing more and more non-traditional fee arrangements, the percentage of Corporate, General Tax matters having billings under some sort of alternative fee arrangement has risen from 9 % in the last report to 12.5 % in this latest report.

9) «Fixed fee arrangements will continue to grow as the dominant choice among alternative fee arrangements (AFAs).

He's transformed how we approach alternative fee arrangements, he knows how they calculate their rates and therefore we have pretty transparent conversations with firms.

2010 January «Alternative Fee Arrangements» by Thomas Clay and Daniel DiLucchio (Altman Weil) >> READ ARTICLE

2009 Spring «Considerations in Formulating a Mutually Advantageous Alternative Fee Agreement» by Deborah Kuchler (FDCC) >> READ ARTICLE

1997 April «Using Alternative Fee Arrangements to Improve Client Relationships, Law Firm Profitability and Results» by Peter D. Zeughauser (Law Practice Management)

Today's law firms, although gradually adopting more innovative alternative fee structures, are still very much driven by the billable hour.

This chart shows the % of billings under an Alternative Fee Arrangement (AFA) by firms of different sizes.

Figure 7: Enterprise Legal Management Trends Report Key Metric # 3: Alternative Fee Arrangements used in 10 % of matters and 6 % of billings in the past year Based on trailing 12 - months ending June 30, 2013

Alternative fee arrangements (AFAs) are bringing significant changes to the legal profession.

«An Hourly Shift: Law Firms See Alternative Fee Arrangements as Here to Stay» by Kim Lyons (Pittsburgh Post-Gazette) >> READ ARTICLE

Mr. Connolly has served as chair of the Audit Committee, as a member of the National Hiring Committee and as partner in charge of evaluating proposed alternative fee arrangements for litigation matters.

While the death of the billable hour continues to remain greatly exaggerated, the use of alternative fee agreements (AFAs), such as flat fees, success - based fees, auction - based fees, etc., continues to increase and has led to a more business - like analysis by law firms as to how their services should be priced.

2002 April «10 Ways to Capitalize on Your Alternative Fee Success» by Felice Wagner (The Sugarcrest Report) >> READ ARTICLE

«An Economic and Demographic Case for Alternative Fee Arrangements» by James D. Cotterman (LJN Accounting and Financial Planning for Law Firms) >> READ ARTICLE (subscription required)

As to «alternative fee arrangements,» the acronymic AFA's, all of them except the first and last... are still based on hours:

Some forward - thinking law firms that have recently benefited from the Animators at Law innovative alternative fee pricing model include: Akin Gump Bristows Crowell & Moring Dickstein Shaprio Finnegan Hogan Lovells Holland & Knight Hughes Hubbard K&L Gates McDermott Will & Emery McGuireWoods Patton Boggs Paul Hastings Skadden Squire Sanders

«Roughly Half of U.S. and U.K. Companies Push for Alternative Fee Arrangements» by Ashley Post (Inside Counsel) >> READ ARTICLE

2012 March «Alternative Fee Arrangements on the Rise at Law Firms» by Lisa van der Pool (Boston Business Journal) >> READ ARTICLE

Surprise, surprise, lawyers are slow to embrace change as indicated in a «satisfaction survey» of attorney alternative fee arrangements.

Consider pursuing alternative fee agreements.

If your company has not yet begun to use alternative fee arrangements, you should seriously consider it.

If you are unsure about how to broach the subject, here are some of the most popular types of alternative fee arrangements.

We are result oriented and very creative when we collaborate with the client on alternative fee agreements that estimate the cost of legal services.

Congratulations to Jim Hassett on the release of his lastest book, Legal Project Management, Pricing, and Alternative Fee Arrangements: What Firms Are Doing.

The unhappiness reported in the survey may just be the result of attorneys trying to figure out when to use alternative fee arrangements and when to use the billable hour.

As the name suggests, alternative fee arrangements are an alternative to the dreaded billable hours method of calculating attorney fees.

Rather than basing fees on the number of hours worked, examples of alternative fee arrangements include fixed fees, negotiated fees for a group of assignments, or success - based fees.

Alternative fee arrangements have been growing in popularity, especially among GCs of Fortune 1000 companies.

While attorney alternative fee arrangements may be appropriate for more straightforward cases and paperwork.

Determining what alternative fee arrangement will depend on your department, your budget, your outside counsel and the types of projects you're working on.

The concept and benefits of alternative fee arrangements (AFAs) seem to have caught most General Counsel's eyes.

So are attorney alternative fee arrangements here to stay, or this just a bump in the road to the slow death of the billable hour?

To answer the question — whether attorney alternative fee arrangements will eventually replace the billable hour?

While both the billable hour and alternative fee arrangements have critics, we'll likely continue seeing a mixture of the two fee arrangements.

First, the report uncovered a «new direction» for alternative fee arrangements (AFAs).

The beauty of alternative fee arrangements is that they are customizable to what suits your company, and outside counsel.

There was a time when many lawyers, settled in their ways, thought that they could ignore alternative fee arrangements.

The 2010 Fulbright Litigation Trends Survey announced that 51 % of the corporate counsel responding to the survey were using some form of alternative fee arrangements.

Any new solo has to determine whether to go with the billable hour, a flat fee arrangement, or other alternative fee structures.

A majority, 71 per cent, use non-hourly billing or alternative fee arrangements primarily to be proactive to remain competitive.

When it comes to intellectual property, for instance, the firm revealed that the typical IP portfolio for a client ranged between 50 to 400 foreign and domestic filings, and that nearly one - third of its patent work was done through alternative fee arrangements.

Although both in - house lawyers on the panel were of the belief that the billable hour is still alive and well within private practice, Macfarlanes senior partner Charles Martin says that in his experience most firms are open to alternative fee arrangements.

Tagged with: AFAs alternative fee arrangements corporate legal budgets inside counsel spend property and casualty claims

Our new recurring billing feature is perfect for attorneys offering alternative fee arrangements.

Corporate clients often no longer authorize «carte blanche» legal expenditure, alternative fee arrangements are more common, and clients are continually questioning where they can save on legal expenses using competitive tendering and paneling.

The latter includes more legal project management (LPM), alternative fee arrangements and eBilling.

These will form the basis of its move towards alternative fee arrangements, where it has approached firms with a menu of different arrangements, with the ambition of moving entirely away from the hourly rate.