Sentences with phrase «of alternative fee arrangements by»

Not exact matches

Law360 reports that BTI Consulting Group has published a recent survey that shows out of $ 21.3 billion spent by chief legal officers inside top U.S. corporations, alternative fee arrangements to hourly rate arrangements accounted for 35.6 % of total spending in 2015, up 20.5 % from 2012.

The survey also contains a leaderboard of 22 law firms named by corporate counsel as best at developing and delivering alternative fee arrangements.

Ken Callander shocked some of the audience by describing alternative fees, including those for litigation: «In my practice, I work with companies» in - house departments, moving them off hourly fees and on to value - based fee arrangements.

Microsoft wants 90 % of the legal work performed by its outside firms to be compensated under alternative fee arrangements — an increase of as much as 35 %, according to figures Howard gave Corporate Counsel.

We exist to enable and facilitate the profitable use of popular Alternative Fee Arrangements («AFAs») now demanded by corporate legal departments by using traditional project management skills to more accurately estimate, track and monitor the scope of work and costs in legal matters.

«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.

Led by the Association of Corporate Counsel's «ACC Value Challenge,» corporate America is increasingly demanding that their outside law firms abandon the entrenched, historic, «cost - plus,» «billable hour» economic pricing model in favor of «Alternative Fee Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangementFee Arrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee arArrangements» («AFAs») and other «value billing» approaches (e.g., non-hourly pricing arrangements such as «fixed fee,» «contingency,» or «hybrid» fee ararrangements such as «fixed fee,» «contingency,» or «hybrid» fee arrangementfee,» «contingency,» or «hybrid» fee arrangementfee arrangementsarrangements).

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.

By offering alternative, yet appropriate fee arrangements, companies gain a heightened sense of cost predictability,» Berry added.

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

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

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

Nicole Auerbach and Patrick Lamb of ElevateNext have been perfecting their skills in implementing alternative fee arrangements — with a disciplined refusal to bill by the hour — for an entire decade in full view of the rest of the legal industry.

Competition for corporate, business and individual clients will cause traditional hourly billing rates to be replaced by variations of hourly billing arrangements, contingency and fixed fee and combination of these alternatives.

Underscoring the importance of AFAs, the survey also found a «7 - year trend of compelling success enjoyed by firms that take a proactive approach to alternative fee arrangements.»

«We see a seven - year trend of compelling success enjoyed by firms that take a proactive approach to alternative fee arrangements.

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

Altman Weil summarized these responses in one of the key findings identified in its survey: «We see a seven - year trend of compelling success enjoyed by firms that take a proactive approach to alternative fee arrangements.

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.

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.