Alternative Fees |
BackgroundTo develop new business in today's marketplace, law firms need to provide more value to their clients. One way to accomplish this is to offer alternative fee arrangements (AFAs) such as fixed fees, risk collars, and success fees. LegalBizDev helps law firms develop new business more profitably by improving their use of AFAs. In 2009, we published a free guide to AFAs which contains information that is still valuable today: Download the third edition of our free LegalBizDev Guide to Alternative Fees. Read our blog for the latest information about this rapidly changing area, especially the ongoing series on Legal Pricing: Legal pricing (Part 1): What lawyers need to know and why Legal pricing (Part 2): The cost-plus approach Legal pricing (Part 3): Price competition, discounts, and loss leaders |
We help law firms improve project management and business development.