X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Alternative fee arrangements (AFAs) have long been trumpeted as a creative way for legal departments to cut costs. Well, the billable hour isn’t dead yet. In fact, the number of both U.S. and U.K. law firms using AFAs dropped in 2012—by 1 and 3 percent, respectively, according to Fulbright & Jaworski’s 9th Annual Litigation Trends Report. Still, 51 percent of U.S. firms used such alternative arrangements last year, as did 63 percent of their U.K. counterparts, an indication that AFAs are here to stay.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.