Search for: "AFA SERVICE CORPORATION"
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19 Jan 2011, 7:20 am
AFAs seem to be most popular with larger law firms and bigger corporate clients. [read post]
10 Jul 2012, 7:28 am
However, we also found that the vast majority of both corporate legal executives and law firm partners expect the adoption of AFAs to continue to rise in the next five years. [read post]
13 Feb 2010, 8:56 am
For AFA to work, the law firms must make money, and at the same time the corporate client must benefit. [read post]
22 Oct 2012, 6:52 am
Even those that are more parochial than corporate law firm services. [read post]
27 Sep 2013, 1:15 am
Outsourcing of legal work is on the rise- 69 percent of corporations reported contracting legal service providers and/or vendors to provide services to the law department. [read post]
22 Aug 2009, 5:12 am
The economic crisis adds fuel to the supposed AFA fire. [read post]
12 Oct 2022, 2:19 pm
A couple of modest, but important, first steps toward applying core management disciplines to corporate Legal: (1) Use alternative fee arrangements (AFAs): Pay for lawyers’ services by fixed amounts agreed to between business client and law firm BEFORE work begins, rather than pay by the hour in an amount unknown to the business client until AFTER the work has been completed; and (2) Engage alternative legal services providers (ALSPs) to implement… [read post]
18 Apr 2012, 5:31 am
In this case, AFA refers to Alternative Financing Arrangements, and Dewey may need some soon. [read post]
15 Apr 2022, 7:21 am
Because in the U.S. corporate legal sector the billable hour continues to prevail. [read post]
16 Apr 2014, 8:03 am
Projections indicate that almost 50 percent of companies will use AFAs this year. [read post]
24 Mar 2011, 6:54 am
Yesterday, I described three price points I see emerging for corporate legal services: $499, $297 and $99. [read post]
15 Dec 2015, 5:11 am
Or is corporate not exerting the influence that the narrative suggests? [read post]
17 Nov 2015, 5:55 am
Yet, the most recent data I could find puts AFA's at just 7% of total corporate legal spend. [read post]
22 Apr 2013, 9:22 am
Use of phase/task codes in the content management system (CMS) Budget/manager reports Where can the data be captured Who should monitor the data Summary: expected benefits better collaboration between Clients and Firm has allowed them to focus on true value has helped them with development of delivery and AFA law firms can put together much more meaningful AFAs and pricing BLG Adroit does this service free for clients; they believe this is the way of the future and how… [read post]
24 Apr 2012, 10:00 pm
One key to success for AFAs is creating a genuine sense of partnership by aligning interests. [read post]
15 Jul 2012, 5:11 pm
Until 2008, demand for corporate legal services grew rapidly. [read post]
7 Oct 2012, 8:11 pm
That means more alternative fee arrangements (AFA) and more profitability analysis. [read post]
7 Oct 2012, 8:11 pm
That means more alternative fee arrangements (AFA) and more profitability analysis. [read post]
20 Jun 2023, 11:41 am
AFAs can help buffer rising hourly rates. [read post]
23 Jun 2023, 6:42 am
Alternative fee arrangements (AFAs / capped charges with related terms on success fees, etc.), if they were used, would be the chief antidote to the prevailing billable hour: but only an average of 12.4% of matters made use of AFAs last year. [read post]
