An Integrated Media Company

888-770-5647| ALMlegalintel@alm.com

 
           Survey Packages        Surveys, Lists & Rankings              Law Firm Reports In House Law
Departments Directory
       Data Visualization (Beta)        Government Contracts             Attorney Search             Billing Rates

Available Years




Read the full Methodology

Learn More About Our Subscription Options
About ALM Research Online
Request a Demo
BACK TO LIST
Survey Name: Alternative Fee Arrangements at Legal Departments and Law Firms
$499.00

This report, conducted by ALM Legal Intelligence, provides an overview of the alternative fee arrangements used by large law firms and corporate legal departments.

For years, there was always a lot of talk about alternative fee arrangements- approaches to billing that are not based on traditional hourly rates - but very little action. Then came the economic collapse of 2008 to 2010. Corporations needed to cut expenses, and nothing was left off the table, included outside legal costs. Alternative fee arrangements (or AFAs) obtained a new urgency, as research and a prior survey of law firms conducted by ALM Legal Intelligence suggested.

But a study focusing on the momentum of AFAs among law firms misses half the story. That is why ALM Legal Intelligence took another look at the issue, this time surveying both large law firms and corporate legal departments. Although the results support prior conclusions, they also show new complexities of how legal departments and law firms both view and use AFAs and where things may go from here.

Purchase
Facebook RECOMMEND
Twitter TWITTER
Linkedin LINKEDIN
Google Plus SHARE
SEND MAIL