Implementing and managing alternative fee arrangements, particularly for non-litigation matters, can be tricky. Doing it right requires a detailed understanding of the components and how to implement Alternative Fee Arrangements (AFAs) in appropriate stages to successfully balance risk and reward for your legal department and outside counsel. Seasoned counsel will share what they’ve learned from creating AFAs across a large portfolio of legal work, so that you too can learn to create AFAs that are assured to bring value to your company. You will walk away with methods to score AFAs in real time. This program will also review how AFAs can be created so law firms view them more favorably than the billable hour model.
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The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.