Legal Fee Update 2017: Value-Add Alternative Fees that Increase Law Firm Profitability

webinar Legal Fee Update 2017: Value-Add Alternative Fees that Increase Law Firm Profitability

You Will Learn:

  • Which types of alternative fees firms are using
  • How to determine which AFAs might be most successful for your firm
  • Why AFAs may not be suitable for every legal matter
  • How to craft agreements that clearly define expectations for you and your clients
Watch the pre-recorded web conference
$365.00
 

Flat fees, fixed fees, alternative fees… are they the exception or the norm?

Microsoft Corporation recently announced that it’s shifting 90 percent of its legal work to alternative fee arrangements (AFAs) within two years.  GlaxoSmithKline (GSK) has already ditched the billable hour entirely.

Data shows that 26 percent of corporate legal spend are AFA’s, and 42 percent of top corporate legal leaders are inclined to increase this percentage over the next year. 

In fact, AFAs are steadily increasing in the following areas of law: 

  • Corporate, General & Tax
  • Litigation
  • Regulatory & Compliance
  • Commercial & Contracts
  • Employment & Labor

While hourly billing is neither dead nor dying, it isn't hard to see GSK and Microsoft as just the tip of the iceberg.

Learning Objectives

This information-packed webinar explores the latest trends and best practices with respect to alternative fee arrangements, and provides best practice strategies to structure and implement AFAs that work for you and your clients.

  • Which types of alternative fees firms are using
  • How to determine which AFAs might be most successful for your firm
  • How to craft agreements that clearly define expectations for you and your client
  • Why AFAs may not be suitable for every legal matter
  • Successful experiences in the management of fee predictability and transparency

Product ID: 15220

Discover How to Structure & Implement AFAs that Work for You & Your Clients!

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Faculty

Justin Ergler
Justin Ergler
Director, Alternative Fee Intelligence and Analytics, GlaxoSmithKline

Justin Ergler is the Director of Alternative Fee Intelligence and Analytics for GlaxoSmithKline based in Research Triangle Park, NC. In his current role, he is responsible for the compilation and analysis of alternative fee arrangement intelligence, the development of predictive cost modeling tools for new engagements, and accelerating the transition to non-hourly, value-based fee arrangements at GSK and in the Legal industry at large.

Benjamin Wolkov
Benjamin Wolkov
Partner, AXS Law Group

Ben Wolkov’s practice focuses on a broad range of corporate counseling and domestic and international transactions, with a primary focus on business formation, business growth, mergers, acquisitions and divestitures, venture capital investments and financings, and joint ventures and strategic alliances.

Jeremy Ben-David
Jeremy Ben-David
Partner, AXS Law Group

Jeremy Ben-David is an experienced real estate and corporate transactional attorney, and has represented companies of all sizes, ranging from start-ups to large multi-national companies, along with their officers and directors, through all aspects of a business’ life cycle, starting with formation, through growth, and ending in liquidity events and exits.

Continuing Education Units

  • cle

    C4CM provides audio conference attendees with CLE credit processing services. To expedite C4CM processing your CLE request, please complete and submit the evaluation form available from C4CM at the conclusion of the audio conference. It will be necessary to enter the following information: name of each attorney requesting CLEs with full contact information, including e-mail address, bar number, and the state in which the attorney wants credits. Each attorney requesting credits must submit an evaluation.

    Please be advised C4CM audio conferences are subject to approval from each CLE issuing organization and approval is not guaranteed (state bar associations in Delaware, Indiana, Kansas, Ohio, and Pennsylvania do not grant CLE credits for audio conferences). The approval process takes approximately 6 – 8 weeks for most organizations but can take as long as 3 – 4 months. You will be notified via e-mail with the final status of your CLE application.

    Any person applying for CLE credits must attend the audio conference from start to finish (attendance will be taken for compliance reasons). Requests for CLE credits must be received no later than two weeks following the conclusion of the audio conference or live conference. CLE credits are not available for CD recordings.

    If you have any questions regarding CLE credits, contact Jill Adler at 631.368.2082 x 21 or jill.adler@meeting-matters.com.

Discover How to Structure & Implement AFAs that Work for You & Your Clients!

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