Results for tag: "Alternative Fee Arrangements"

Alternative Fee Arrangements (AFAs) are a type of fee structure used in the legal industry to provide clients with more cost-effective services. AFAs are typically based on a fixed fee, a success fee, or a combination of both. They are designed to provide clients with greater transparency and predictability in their legal costs. AFAs can also be used to incentivize lawyers to work more efficiently and to provide better value for their clients. AFAs are becoming increasingly popular in the legal industry, as they provide clients with more control over their legal costs. They also allow lawyers to better manage their workloads and to focus on providing the best possible service to their clients. Some companies in the AFA market include Axiom, Elevate, and UnitedLex. Show Less Read more