alternative fee arrangements
New Platform to Manage Alternative Fee Arrangements
April 12, 2014
Corporate legal departments can analyse alternative fee arrangements (AFAs) with the launch of a new platform. TyMetrix 360 has announced a range of new additions to its platform which will give legal departments greater control and flexibility around the management and enforcement of alternative fee arrangements. Contingency, flat, capped and fixed fees all fall under this heading as does blended hourly rates, volume discount, matter based hourly rates and hybrid models.
April 12, 2014
Corporate legal departments can analyse alternative fee arrangements (AFAs) with the launch of a new platform. TyMetrix 360 has announced a range of new additions to its platform which will give legal departments greater control and flexibility around the management and enforcement of alternative fee arrangements. Contingency, flat, capped and fixed fees all fall under this heading as does blended hourly rates, volume discount, matter based hourly rates and hybrid models.
It’s All in the Game: Managing Partners Come to Grips with “Gamification”
January 29, 2014
Many managing partners tell us they are struggling to get their arms around new tools and techniques for driving more efficiency and cost-effectiveness into legal service delivery. Firms are seeing more and more RFPs in which clients make increasingly draconian demands for better management and control of legal work. AFAs (alternative fee arrangements) are reshaping not just pricing and profitability, but the whole way in which matters are staffed and billed. * * * Getting Lawyers into the Game So...
January 29, 2014
Many managing partners tell us they are struggling to get their arms around new tools and techniques for driving more efficiency and cost-effectiveness into legal service delivery. Firms are seeing more and more RFPs in which clients make increasingly draconian demands for better management and control of legal work. AFAs (alternative fee arrangements) are reshaping not just pricing and profitability, but the whole way in which matters are staffed and billed. * * * Getting Lawyers into the Game So...
GCs Not Satisfied With Outside Counsel Rates
September 8, 2013
The Consero Group’s new “2013 Spring General Counsel Survey,”which addresses several areas of concern to in-house counsel at U.S. companies, has found that 61 percent of Fortune 1000 general counsel are not satisfied with the rates they pay to their outside counsel—a sign that economic pressures are forcing alternative fee arrangements to again become an important issue in corporate board rooms. The survey, compiled by the executive events organizer Consero Group in partnership with Applied...
September 8, 2013
The Consero Group’s new “2013 Spring General Counsel Survey,”which addresses several areas of concern to in-house counsel at U.S. companies, has found that 61 percent of Fortune 1000 general counsel are not satisfied with the rates they pay to their outside counsel—a sign that economic pressures are forcing alternative fee arrangements to again become an important issue in corporate board rooms. The survey, compiled by the executive events organizer Consero Group in partnership with Applied...
