Reviewed March 2019
In recent years law firms have been feeling the strain of the global economic climate. The once sacred “billable hour” is no longer accepted with grace by clients. Clients are looking for value for money.
Richard Susskind refers to this as the “more-for less challenge”.* Therefore law firms need to work out how to provide their clients more for less, yet remain commercially viable.
This course will outline a number of Alternative Fee Arrangements (AFA’s) and then use the Bowen Buchbinder Vilensky as a case study.