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Legal Project Management Alternative Fee Arrangements

Priori

Cost-Saving Strategies for In-House Legal Departments: Panel Management, Rate Negotiations and RFPs

Priori on

We know cost savings and legal spend management are top on the list of priorities for legal departments. Continuing our three-part article series covering key cost-saving strategies that legal departments should be looking at...more

Ballard Spahr LLP

Outside Counsel Guidelines (OCGS) Are Your Friend

Ballard Spahr LLP on

Outside counsel guidelines (OCGs) are a way for clients to set expectations regarding processes, procedures, and handling of matters. Common guidelines relate to rates and expenses (discounts, alternative fee arrangements,...more

Carlton Fields

The Corporate Legal Department Of Today And Tomorrow

Carlton Fields on

In recent years, corporate legal teams have identified as their top three operational challenges (1) reducing outside legal spending, (2) communicating more effectively with internal stakeholders, and (3) doing more with...more

Mitratech Holdings, Inc

COMMON GROUND - A guide to better relationships between corporate legal departments and outside counsel

Within the legal ecosystem, two diametrically opposed paradigms for success contend. On one side are corporate law firms, where rising billable hours and billing rates drive revenue. On the other side are corporate legal...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

WilmerHale on

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

WilmerHale

5 Questions To Ask Before Entering Joint-Representation AFA

WilmerHale on

One growing trend is for clients to enter into alternative fee arrangements in which one law firm represents multiple parties who “share” fees and costs in a related matter. For example, a law firm might represent...more

WilmerHale

5 Questions All AFAs Should Answer Clearly

WilmerHale on

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

WilmerHale on

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 Firm Before Accepting A Litigation AFA

WilmerHale on

In-house attorneys routinely receive, review and compare alternative fee arrangement proposals and nearly all law firms regularly submit them, but the parties often do not follow a disciplined approach in developing a...more

WilmerHale

5 Questions To Ask Client Before Proposing A Litigation AFA

WilmerHale on

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

Robins Kaplan LLP

Using Alternative Fee Arrangements to Redefine Your Bottom Line

Robins Kaplan LLP on

In 1958, the American Bar Association (ABA) published a pamphlet recommending that attorneys track and keep detailed records of their time. For better or for worse, legal work has since been measured by the “billable...more

Stinson LLP

Legal Project Management, The Greatest Thing Since Sliced Bread?

Stinson LLP on

We have all heard the expression the "greatest thing since sliced bread." It is believed that this phrase was first used by Wonder Bread® in 1930 to hype its new product of pre-wrapped, pre-sliced bread. We use it now in...more

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