Many law firms struggle with the idea of proposing Alternative Fee Arrangements (AFAs). Lack of confidence in their own financial data, uncertainty about whether such arrangements will be profitable, and lack of experience in formulating the proper AFA parameters are just some of the obstacles firms face.

Yet, as we know from the 2019 CLM Litigation Management Study and the 2020 CLM Defense Counsel Study, many litigation executives and defense firms are frustrated by the lack of AFAs being deployed in their litigation portfolio, and most executives are highly impressed when a firm proposes an AFA.

Our advisors can help law firms to develop AFAs that will work for them. We can talk through the issues, structure analyses of the financial data, and explain the risks and benefits of having this tool in every law firm’s toolkit. Contact us to learn more.