Sentences with phrase «use of alternative fee»

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.

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.

The use of alternative fee arrangements continues to rise.

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

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

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.

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

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.

Pat is the author of «Alternative Fees for Litigators and Their Clients» and a frequent speaker on the effective use of alternative fees and innovations in the business of practicing law.

Not exact matches

Convenience fees are charges levied for the privilege of paying for a product or service using an alternative payment, or a payment method that is not standard for the merchant.

While both ether and bitcoin are cryptocurrencies and can be traded, exchanged, and transacted between users, ether is largely used to pay for services and transaction fees on the network — enabling the development and distribution of applications — while bitcoin is used more closely to an actual currency and alternative therein.

If you want to compare different lenders to PNC in terms of rates and fees, use the table below to explore alternative mortgage companies.

Also identified in the document are potential use cases for cryptocurrencies, such as a more portable, fungible, divisible store of value; trading that can result in capital gains or loss; payments for goods and services; and an alternative route to circumvent high transaction fees to transfer money for domestic or international purposes.

«Institutions that are required to freeze in - state students» tuition rates for four years may use alternative revenue streams such as required fees and nonresident tuition to offset the loss of flexibility inherent in guaranteed - tuition programs.»

Best of all, most of the features can be used for free, but for a fee you can improve your profile's visibility and increase your chances of having someone send you a message, so go now and visit that great alternative to Fubar.

If you want to compare different lenders to PNC in terms of rates and fees, use the table below to explore alternative mortgage companies.

I also shut down a British Airways card that charged an annual fee because I had a better alternative — a Starwood Preferred Guest Amex card that has a great earn rate and a huge array of ways to use rewards, including a way to dump points into my British Airways frequent flier program, should I want to do so.

If you'd like to see how AnnieMac compares to different lenders in terms of rates and fees, use the table below to discover alternative mortgage companies.

Here, at least, there are a growing number of low - fee alternatives to the advisers and mutual funds most commonly used by earlier generations to nurture their nest eggs.

The alternative used to be to rely on a traditional financial adviser, for which «you're probably paying a premium for commission - based advice from someone incentivized to sell a specific product,» says Tea Nicola, co-founder and CEO of Vancouver - based robo adviser, WealthBar Financial Services Inc. «Your average investor underperforms the market, before and after costs,» Nicola says, «A set - it - and - forget - it strategy with a traditional firm would come with a high fee.

Finally, and perhaps most important, research shows that these fees push consumers out of the banking system, either voluntarily or involuntarily, leaving them to use expensive check - cashers and other alternative financial services.

And the alternative use of Avios — booking an international award — might not always make sense because of high taxes and fees.

(The high fees for Virgin Atlantic are something you'll always want to avoid by using a different program, but they are not out of line if your alternative is flying British Airways with miles from American or Alaska.)

The City Miler's take: If you fly Delta and can use the perks, but either don't travel with a companion often (for instance, if most of your travel is for work), or don't like the idea of the $ 195 annual fee, this is a good alternative to the Delta Platinum card.

Dave Bohrer of Confluence Law Partners recently published an article, Trolling For Efficiency, which discusses the impact of using alternative fees in patent defense litigation.

Since then, and particularly in recent years, there have been a large number of initiatives designed to curb costs, such as limiting Legal Aid, and the removal of the ability to claim so - called additional liabilities in «no win, no fee» agreements - from paying defendants, costs budgeting and the use of alternative dispute resolution.

The use of technology and alternative fee arrangements have exploded in the past few years; however, prepaid legal plans have been around for over forty years!

Interestingly, the number of companies using alternative fee agreements has shrunk, as a smaller number of clients are spending substantially more on AFAs.

«At times, we have utilized alternative fee arrangements — sometimes at our own initiative, sometimes at a client's request — but I wouldn't say there's a significant increase in the types of matters that are services using a flat, block or alternative fee arrangement.»

The research found that almost half of chief legal officers are currently using alternative fee arrangements and expect to increase their use in the next year.

While funding may seem the obvious solution when seeking ways to manage legal fees, claimants should not overlook the use of litigation insurance to complement, or as an alternative to, a funding arrangement.

The majority of law firm partners favour the traditional hourly rate model as a more accurate way of billing, despite a continued push from clients to use fixed fees and other alternative billing methods, according to Legal Week research.

To accommodate the needs of our clients, we have developed and used several alternative pricing options that are not tied to the billable hour, such as flat fees, not - to - exceed fees, performance - based fees, blended hourly rates and annual fees.

, he has helped establish a company that is reaping the benefits of being one of the first to use Alternative Fee Arrangements to the fullest:

Through the use of these tools, firms can predict outcomes and timelines of litigation, likelihood of success and other information that can be utilized to assist in setting alternative fee arrangements and other value - added applications.

Unlike the bill by the hour lawyers who even bid alternative fee proposals by using estimating the number of hours a matter would take and then padding the final number, plaintiffs lawyers value a case by thinking through such things what's the case worth vs. how long it will likely take to get a settlement or verdict and who is on the other side.

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.

This essential guide also provides real case studies of business lawyers and firms successfully using alternative fee arrangements to deliver value to both the clients and the lawyers.

Now, with 11 lawyers and more than seven years of success using this new model, Valorem hears many firms claim to offer alternative fees.

An article in Inside Counsel gives five strategies clients can use to prevent «runaway legal fees,» claiming that although more «companies are moving to alternative fee arrangements, seeking either fixed or flat fees to cover legal work over a period of time,....

The deal will see the Scots firm receive an eight - figure sum from Burford, which it can use to provide alternative fee arrangements to clients, with the funder set to receive a portion of the proceeds from any successful litigation.

Embrace the loss of the billable hour, and start thinking about how you can use your data to set alternative fee arrangements

Some of the more unique approaches being adopted today are just the sign of an industry that is still in an experimental phase of using alternative fees.

Key Metric # 3: Alternative Fee Arrangement (AFA) Usage AFAs used in 9.4 % of matters and 7.0 % of billings in the past year 3b Based on trailing 12 - months ending December 31, 2015

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.

Observers, including the CBA's own Envisioning Equal Justice Project, have suggested responses ranging from strengthening the voluntary sector to greater use of alternative dispute resolution to some form of conditional and contingency fee arrangements or third - party litigation funding.

It used to be that alternative or «appropriate» fee arrangements were the common subject matter of in - house counsel conference seminars, but over the last few years the mechanics around the various AFAs out there have given way, it seems, to a more hefty discussion on more thought - out budgets and project management.

The unhappiness reported in the survey may just be the result of attorneys trying to figure out when to use alternative fee arrangements and when to use the billable hour.

As noted above, using alternative forms of dispute resolution, such as mediation or collaboration, can provide a significant reduction in legal fees, and parties are wise to include dispute resolution strategies other than the courts in their agreements.

Figure 7: Enterprise Legal Management Trends Report Key Metric # 3: Alternative Fee Arrangements used in 10 % of matters and 6 % of billings in the past year Based on trailing 12 - months ending June 30, 2013