Let’s face it: Lawyers will probably always need to bill by the hour at times. However, many more clients are demanding alternative fee arrangements (AFAs) these days. Why? They simply want eﬃciency, transparency, and predictable costs for legal services. Law firms often comply and offer AFAs…or they risk losing the business.
The good news is there are many AFAs, so you can find the one or ones right for your firm. In this e-book, we discuss everything from flat fees and contingency fees to payment plans and recurring billing. We also discuss popular hybrid fees and how practice management software and payment processing can make using AFAs even easier. In other words, if you're interested in using AFAs in your practice, this thorough, straightforward guide will get you started.
In this eBook, you'll learn about:
- Fixed fees and flat fees
- Contingency and reverse-contingency fees
- Success fees
- Retainer fees
- Hybrid fees
- Payment plans and recurring billing