Sentences with phrase «of alternative fee»

Alternative Fee Arrangements: Field Law has experience with a broad range of alternative fee arrangements (AFAs), including providing legal services on a fixed fee basis for project work, fixed fees for larger portfolios of work, contingency fee arrangements, blended hourly rate and contingency fee arrangements, and blended hourly rate and performance based holdbacks.

But I'm so interested in talking about this publication and its importance to the developing field of alternative fee arrangements (AFAs, a topic we're focused on these days at Edge) that I'm willing to blur genres — and in any event, at 150 pages, it's not like this is a pamphlet.

Crane discussed a number of alternative fee arrangements including discounted and volume discounts (e.g. 15 per cent on the standard hourly rate, for example, when fees billed exceed $ 100,000 a year), and blended hourly rates (such as $ 400 / hr blended rate for all lawyers on a file or $ 300 / hr for associates and $ 500 / hr for partners), as well as fixed and capped fees.

Carrying over from the last few years is a decline in the use of alternative fee arrangements — 3.2 per cent said AFAs were the billing arrangement they had with their primary law firm / external service provider, which was a slight drop from 4.9 per cent last year and a considerable drop from 12.7 per cent in 2015.

Overall, the percentage of matters that have billings under some sort of alternative fee arrangement (AFA) has remained fairly stable at approximately 9 % of matters and 7 % of billings (See Key Metric # 3).

This chart illustrates the percentage of matters with some sort of alternative fee arrangement in place.

Proxima Nick Mirabella - Williams (June 20, 2016) Six ways to avoid the traps of alternative fee arrangements in legal procurement

This chart shows the percentage of CounselLink customers engaging in some sort of alternative fee arrangement between 2011 and 2014.

This chart shows the percentage of matters using some sort of alternative fee arrangement in the Pharmaceutical and Professional, Scientific and Technical Services industries between 2011 and 2014.

As the number of alternative fee - arrangements grow, firms without effective budgeting and monitoring are experiencing increased write - downs as projects overrun their budgets.

What makes a good pricing officer is a solid understanding of alternative fee arrangements, how a law firm works, having a comfort level with spreadsheets, and an understanding of law firm profitability.

Elevate continues to provide NetApp with managed support services, as well as ongoing consulting in the form of legal spend analysis and the use of alternative fee arrangements.

Jonathan discusses key developments shaping the market, the increasing prevalence of alternative fee arrangements, regulatory developments, and the growing understanding of litigation funding as an -LSB-...]

«I'm sick of hearing of alternative fee arrangements.

The use of alternative fee arrangements continues to rise.

The use of alternative fee arrangements in class actions continues to rise.

3) The whole concept of alternative fee arrangements needs to be reimagined and re-engineered.

One way they are tackling these challenges is by replacing conventional hourly billing with a variety of alternative fee arrangements (AFAs).

What is new is that with ever - increasing competition for legal work and the growth of alternative fee structures, GCs will require greater than ever flexibility from law firms to move out of their comfort zones in providing support which is responsive and good, but may not be the absolute best work that could be performed absent time and budget constraints.

As the number of class actions continued to rise, the use of alternative fee arrangements (AFAs) increased in 2017.

To align our interests with our clients» interests and give our clients more certainty with respect to cost, we embrace a variety of alternative fee arrangements.

Matters are increasingly moving away from the traditional billable hour to various types of alternative fee agreements.

The increasing adoption of alternative fee arrangements means the profit is no longer built in.

In fact, 95 % of law firms now have some kind of alternative fee arrangement in place.

«The Rise of Alternative Fee Arrangements» by Darren VanPuymbrouck and Joshua Kurtzman (Corporate Counsel) >> READ ARTICLE

Simply defined, value - based pricing can mean any number of alternative fee arrangements — including those based on milestones or stages (not tasks), settlement or outcome bonuses, and tiered contingency rates.

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.

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.

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

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.

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

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

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.

In the latest BTI Consulting Group report, «BTI State of Alternative Fee Arrangements (AFAs),» LTL ATTORNEYS LLP (LTL) was named by corporate counsel as one of only 22 firms of the 650 law firms serving the Fortune 1000 as best at developing and delivering AFAs.

Invited to speak to Ontario lawyers on the topic of alternative fee structures at the Law Society of Upper Canada annual Small and Solo Law Firm conference.

But outside of alternative fee and business agreements (and the imminent death of the billable hour), what sorts of businesses have been responsible for these dire warnings?

[/ strong] We have a mixed bag of alternative fee arrangements, from caps to volume discounts, and a combination of arrangements like that.

Chris Ende of Goodwin Proctor presented the evening's Darwin Talk on the implementation of alternative fee arrangements in conjunction with the implementation of legal tech.

Pricing decisions (e.g., rate setting, creation of alternative fee arrangements) and other basic economic decisions (both revenue and cost related) benefit from intentional management.

«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.

If you'd like more information on the ELM Trends report, please join us for a free webinar that will elaborate on where law firm rates are headed, what the law firm consolidation trend means, the state of alternative fee arrangement (AFA) utilization among other points.

The Quebec Bar Association's report proposes the adoption of alternative fee arrangements.

BTI Consulting Group surveyed general counsels and legal decision makers on their use of alternative fee arrangements.

The fixed fee is the type of alternative fee agreement most embraced by corporate clients, according to BTI Consulting group.

We'd like to invite corporate counsel and their law firm counterparts to share their views on the subject of alternative fee arrangements and answer these questions.

Unlike most law firms that bill clients based on the total billable hours each lawyer works on a particular matter, M&A Law Firm, P.C. employs a variety of alternative fee structures.

The Firm offers a wide range of alternative fee arrangements that work best for the unique situations in which clients find themselves.

The answer — already being deployed in different corners of the industry — is a combination of alternative fee structures, virtual firms, women - owned firms, and the outsourcing of discrete legal jobs to other jurisdictions.

The use of alternative fees such as non-hourly based billing is also up, but still only represents 10 per cent of fees collected, according to the Law Firms in Transition Survey, which received responses from law firm leaders at 238 U.S. law firms with 50 or more lawyers.

''... The real value of alternative fees [paying a lawyer on any basis alternative to hours - billed] is to incentivize a re-design of workflow that (i) increases quality, (ii) speeds up delivery, and (iii) decreases cost.»