This chart shows the percentage of CounselLink customers engaging in some sort
of alternative fee arrangement between 2011 and 2014.
Not exact matches
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.
In the program, «Leveraging the In - house and Outside Counsel Relationship,» the panelists offered strategies to drive down the cost
of using outside counsel, to build collaboration
between in - house counsel and junior outside counsel, and to implement
alternative fee arrangements.
These days,
alternative fee arrangements (AFAs), agreed upon
between major law firms and their clients, have become commonplace as part
of the «new normal» relationship
between corporate America and their law firms.
However, there has been much slower progress in terms
of value and there is still a disconnect
between appetite for
alternative fee arrangements (AFAs) and uptake.
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.
A key to operating successfully under
alternative fee arrangements or under an hourly rate
arrangement disciplined by a rigorous budget will be open and frank discussions
between outside counsel and the client regarding management
of the matter.
Sixty - three percent
of these law departments use
alternative fee arrangements for
between 1 - 20 %
of their work.