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Five Basic Alternative Fee Arrangements for Law Firms
In this episode, we are going over the five basic categories of Alternative Fee Arrangements (AFA) for law firms.
- Contingency
- Flat fee
- Capped fees
- Holdback
- Blended fees
Are AFAs a Good Idea?
The answer is yes and no.
Creating a symbiotic relationship with clients to determine the most appropriate fee arrangement is key to ensuring the fee method chosen will be consistent with your goals as well as the goals of your client.
More Resources:
Suggested Documentation Best Practices
Business Plan Guide for Growing Law Firms
Email Disclaimer Worksheet
════════════════════
Sign up for email reminders so you catch every episode.
Stay connected with DHIA for updates on webinars, tools, and resources! https://linktr.ee/danielshead
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By Daniels-Head InsuranceIn this episode, we are going over the five basic categories of Alternative Fee Arrangements (AFA) for law firms.
- Contingency
- Flat fee
- Capped fees
- Holdback
- Blended fees
Are AFAs a Good Idea?
The answer is yes and no.
Creating a symbiotic relationship with clients to determine the most appropriate fee arrangement is key to ensuring the fee method chosen will be consistent with your goals as well as the goals of your client.
More Resources:
Suggested Documentation Best Practices
Business Plan Guide for Growing Law Firms
Email Disclaimer Worksheet
════════════════════
Sign up for email reminders so you catch every episode.
Stay connected with DHIA for updates on webinars, tools, and resources! https://linktr.ee/danielshead