Value Challenge: Alternative Fee Agreements May Create Financial and Ethical Risk
Posted by Michael O'Donnell on Sep 14th 2018
Alternative Fee Agreements (“AFAs”) are increasingly a part of doing business in today’s legal industry as clients demand clarity and predictability in pricing. Attorneys and pricing professionals should understand, however, that courts do not always view AFAs favorably and are not afraid to wade into the murkier terms of such agreements and demand specificity—often at a cost to the attorneys and firms that draft, apply, and attempt to enforce those agreements.Even well-meaning attorneys have ru
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