Five Basic Alternative Fee Arrangements for Law Firms

Lawyer's Learning Center with DHIA · Dec 7, 2023 · 5m

In this episode, we are going over the five basic categories of Alternative Fee Arrangements (AFA) for law firms.

Contingency

Flat fee

Capped fees

Holdback

Blended fees

Are AFAs a Good Idea?

The answer is yes and no.

Creating a symbiotic relationship with clients to determine the most appropriate fee arrangement is key to ensuring the fee method chosen will be consistent with your goals as well as the goals of your client.

More Resources:

Suggested Documentation Best Practices

Business Plan Guide for Growing Law Firms

Email Disclaimer Worksheet

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