Law Practice,
Ethics/Professional Responsibility
Oct. 20, 2017
Alternative fee arrangements and ethics
One thing to keep in mind with regard to an alternative fee arrangement is to make sure everyone is talking about the same thing.
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Law firms and their clients are increasingly seeking alternatives to the traditional hourly billing arrangement. Alternative fee arrangements (AFAs) are billing arrangements that allow the client and attorney to create a customizable billing framework to fit the unique goals and needs of the client, attorney and matter.
AFAs can also foster transparency and better communication with clients because all the costs are exposed at the be...
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