78% of clients want lawyers to adopt a billing model that is more affordable and predictable. AFAs offer customized pricing models to accommodate clients’ budgets, and help build trust between lawyers and clients.
But AFAs aren’t just beneficial for clients. Firms can expand their client base, gain revenue certainty, and improve collections with alternative agreements like flat fees, subscriptions, unbundled fees, and other types of AFAs. Plus, it measures the value of a lawyer’s work in ways other than just hours.
Download this eBook to learn about alternative fee agreements and how they can help build a profitable law firm. You’ll learn:
- Types of alternative fee agreements
- The problem with hourly billing
- Benefits of using AFAs
- Best practices for implementing AFAs
Presented in partnership with: