Law Firms: Revisiting Alternative Fee Arrangements
5/26/2010
As a result of current economic times, many law firms have experienced pressure to reduce fees. Proposing an alternative fee arrangement (AFA) is one way to address client concerns. It’s a concept that has been covered in legal industry trades for 20 years now, but, due to mixed reaction, it still remains an emerging trend.
In this article, “Revisiting Alternative Fee Arrangements,” Richard Puzo, CPA, J.H. Cohn LLP partner and director of the Firm’s Law Firm Industry Practice, outlines the advantages and disadvantages of the three primary types of AFAs.
Click here to read the article.