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Contract Attorneys as a True AFA

By John Wallbillich

One method of controlling legal costs has been the use of Alternative Fee Arrangements (AFAs). AFAs are portrayed as a key tactic to combat the ravages of the billable hour. AFAs include a host of options such as fixed fees, discounts, lower fees with incentives, and so on. AFAs seem to be most popular with larger law firms and bigger corporate clients. While some studies show AFAs are gaining in popularity, the majority of legal services are still charged out using an hourly rate. Some GCs read more

Full post as published by The Wired GC on January 19, 2011 (boomark / email).