The king of the gods would want you to: By separating fact from fiction, corporate law departments can better understand the benefits of using appropriate fee arrangements instead of experiencing the pitfalls of AFAs when they are employed inappropriately.
January 03, 2011 at 12:00 AM
1 minute read
Alternative Fee Arrangements (AFAs) are among the most widely debated topics in law practice management today.
The widespread acceptability and use of such arrangements arose as cost-conscious clients looked to reduce legal spend, and law firms — already suffering a recessionary decline in profits over the last several years — looked to satisfy the increasing demands of corporate clients.
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