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Law Practice Management Alternative Fee Arrangements

LawVision

Will AI Lower Law Firm Rates? That Might Be the Wrong Question (Think “42”)

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In The Hitchhiker’s Guide to the Galaxy, a race of hyper-intelligent beings builds a computer to discover the ultimate answer to life, the universe, and everything. After seven and a half million years, the machine reveals...more

Carr Maloney P.C.

“Earned Upon Receipt” for Attorney Fee Arrangements Is Ending in Maryland - Effective July 2025

Carr Maloney P.C. on

Effective July 1, 2025, attorneys practicing law in Maryland may no longer state that their fees are “earned upon receipt” in their engagement agreements. Under the new, amended Rule 19-301.15, “[a]n attorney shall deposit...more

IR Global

How Clio Can Help You Become a Fee Forward Law Firm

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Is the billable hour dying? According to research from the latest Legal Trends Report, clients want modern payment options: over half of potential clients would prefer to pay their lawyers using modern service delivery...more

Association of Certified E-Discovery...

Legalweek(year) 2021 Shows Why the Industry Isn’t Going Back to Normal

Legalweek was originally supposed to take place in New York this year, as it always does. However, for 2021 it was transformed into a series of five interactive virtual events held throughout the year—hence the updated title...more

Stange Law Firm, PC

What's The Fascination With Flat Fees?

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Many clients complain about the fact that most lawyers bill by the hour. They often do not like billable hours because it results in the cost of their case being variable. ...more

McNees Wallace & Nurick LLC

Legal Project Management

In this podcast, Nicole Fiamingo of McNees discusses her role and responsibilities as a Legal Project Management Coordinator. ...more

WilmerHale

The Art of Projecting Budgets for Litigation Alternative Fee Arrangements

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Predicting the future has become a critical skill for lawyers—at least when it comes to budgeting for case work. Clients want as much certainty as possible for planning and allocating legal expenses, which inherently carry...more

LawVision

What a Difference a Decade Makes…

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It’s hard to believe the inflection point that marked the beginning of so much change in the legal world occurred ten years ago today on August 9, 2007. That was the day BNP Paribas closed withdrawals from three funds citing...more

WilmerHale

5 Questions All AFAs Should Answer Clearly

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There are numerous ways in which the terms of an alternative fee arrangement are documented, ranging from a simple email exchange between client and outside lawyer to lengthy addenda to the retention agreement. While no...more

WilmerHale

5 Questions Firm Should Ask Before Approving Litigation AFA

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Alternative fee arrangements provide great opportunities for law firms to partner with clients and strengthen relationships. However, not every matter may be appropriate for an alternative fee or in the law firm’s best...more

WilmerHale

5 Questions To Ask Yourself Before Submitting A Litigation AFA

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In this third article in our series about alternative fee arrangement proposals, we discuss five questions that outside lawyers should be able to answer for themselves before submitting an AFA proposal for a litigation matter...more

WilmerHale

5 Questions To Ask Client Before Proposing A Litigation AFA

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An alternative fee arrangement is frequently required as part of a law firm’s response to a client’s request for proposals to handle new litigation matters. In-house attorneys routinely receive, review and compare such...more

LawVision

Is Disruptive Innovation in Law Even Possible?

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The debates about innovation at law firms can sometimes seem a cacophonous, and discordant, confusion of themes. On the one hand, virtually every day brings some new announcement about the latest “innovation” in the business...more

Sullivan & Worcester

Creating Alternative Fee Arrangements Focusing on Value

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In-house counsel hire outside counsel for specific purposes, for example: to document and implement a transaction; to obtain a favorable outcome in a dispute; to provide specialized expertise or counsel; or to provide...more

Robins Kaplan LLP

Move Over, Billable Hour; There's a New IP Fee Arrangement in Town

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The practice of law has changed greatly over the past decades. We have witnessed great growth in solo and small firm practice, as well as a large movement to in-house practice. We are even seeing growth in freelance attorneys...more

Nossaman LLP

The End of the Hour

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Before the twentieth century, state law prescribed set fees for specific legal services, and litigation fees were usually paid by the losing parties. Over time, maximum fee laws were repealed, and by the early twentieth...more

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