Implementing Alternative Fee Agreements at Your Law Firm

What you’ll find inside:

Hourly billing has been the dominant model at law firms for decades. But with a growing number of clients demanding cost certainty, transparency, and increased value, firms are turning to alternative fee agreements (AFAs) to fill those gaps and complement their practice's billing structure.

AFAs offer customized pricing models to accommodate clients' budgets, build trust, and help lawyers expand their client base. For example, 78% of clients want lawyers to adopt a billing model that is more affordable and predictable.

But AFAs aren’t just beneficial for clients. Firms gain revenue certainty and smooth collections with alternative agreements like flat fees, subscriptions, unbundled fees, and other types of AFAs. Plus, it measures the value of a lawyer's work in ways other than just hours.

Download this eBook to learn about alternative fee agreements and how they can help build a profitable law firm. You'll learn: 

• Types of alternative fee agreements
• The problem with hourly billing
• Benefits of using AFAs
• Best practices for implementing AFAs

‍

‍

‍