Sentences with phrase «of alternative fee arrangements»

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

The use of alternative fee arrangements continues to rise.

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

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

On the high end of adoption, 10 % are using some form of alternative fee arrangement in over a quarter of their matters.

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

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

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.

The use of alternative fee arrangements by lawyers and the demand for those arrangements by clients is increasing.

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.

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

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

That's where the most important piece of alternative fee arrangements comes in — the payment structure.

They say clients, not law firms are leading the adoption of alternative fee arrangements.

Named as One of Best Firms at Developing and Implementing Alternative Fee Arrangements — BTI Consulting, «BTI State of Alternative Fee Arrangements, 2016»

When asked about profitability of the alternative fee arrangements compared to the standard hourly based billing the results are clear:

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.

Latitude Senior Vice President Candice Reed discusses the benefits of alternative fee arrangements in the Law 360 article The Dangerous Secrets Your Client Is Keeping From You.

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.

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

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.

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 important access to justice tool.

«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.

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.

Despite ostensible agreement on the desirability of alternative fee arrangements, the study found 70 per cent of private practitioners continue to rely on hourly billing.

I attended the «Embracing Alternative Fee Arrangements: Applying Data Analytics to Move Beyond the Billable Hour» panel at LegalWeek in New York, and the panelists weighed in on the pros and cons of alternative fee arrangements («AFAs») and why and how «lawyers should embrace AFAs» and stop «running away from them.»

The percentage of Corporate, General, Tax matters having billings under some sort of alternative fee arrangement continues to dominate the field, with the percentage of billings executed under an AFA for this matter type holding steady at 12.4 percent.

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

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

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.

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

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

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.

The Consero survey found that 61 % of the 52 attorneys surveyed from Fortune 1000 companies utilize alternative fee arrangements, and that 60 % of the attorneys plan to increase the use of alternative fee arrangements over the next twelve months.

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.

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.

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.

A powerful chain of events — a series of earlier tipping points — have led the law first to the wholesale adoption of alternative fee arrangements (AFAs) and subsequently to adoption of LPM as the way to deliver on those AFAs.

«Evaluating the Profitability of Alternative Fee Arrangements» LexisNexis Redwood Analytics Presenter: Daniel Ronesi >> PRICING PRESENTATION

Here are examples of alternative fee arrangements we provide:

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

However, UK and US respondents differed in their preferred type of alternative fee arrangement.

These days it's easy to find law firms willing to work for United Technologies under some kind of alternative fee arrangement.

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

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-...]

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.

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

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