Latest / Technically Legal - A Legal Technology and Innovation Podcast
Will This Legal Tech Startup Kill the Billable Hour and Bring Transparency to Legal Billing? (Scott & Digby Leigh - AltFee)
Despite much ballyhoo and countless articles about them, alternative fee arrangements, or AFAs, have yet to gain widespread traction and the billable hour still reigns supreme for legal billing.
Enter the Leigh brothers, Scott and Digby, and their new legal tech startup, AltFee. The company's stated goal is encouraging legal professionals to break free of hourly pricing and move to AFAs by using the app to help scope and price legal projects.
The brothers point out that the traditional billable hour pricing model doesn't provide certainty for clients and that AFAs will become more important…
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