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