Sentences with phrase «because of alternative fee arrangements»
«98 % of law firms reported hiring a pricing professional because of alternative fee arrangements (AFAs), followed by cost pressure from clients (77 %),» according to Mr. Johansen.
http://businessoflawblog.com/ Not exact matches
Our clients in large law firms consistently tell us that they prefer alternative fee arrangements, because they only have to have one budget conversation with their corporate client, as opposed to the old way of an easy one up front and a hard one after trial, and because it is a «set it and forget it» system that allows the lawyers to focus on getting the work done.
KAREN MACKAY: It's interesting because I do hear it from both sides — from general counsel and from managing partners, who are trying to cope with all of this — and in so many firms, because general counsel, the client, has grown up in an hourly rate environment, in many cases, they'll come back with an alternative fee arrangement, it's just a lower hourly rate or a lower hourly rate by volume.