But as alternative fee arrangements grew in popularity and lawyers began taking risk in pursuit of their clients' claims, our products became increasingly relevant.
What does AFA stand for?
AFA stands for Alternative Fee Arrangement (contracts)
This definition appears very rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of AFA
We have 325 other meanings of AFA in our Acronym Attic
- Alabama Firefighters Association
- Alabama Forestry Association
- Alaska Forest Association
- Alberta Fencing Association
- Alberta Forestry Association (Canada)
- Algonquin Forestry Authority (Ontario, Canada)
- All Faculty Association (Santa Rosa Junior College)
- All Flash Array (data storage)
- Alliance for America
- Alternate Form of Annuity
Samples in periodicals archive:
If the law firm is unwilling to enter into an alternative fee arrangement, have the firm prepare a detailed budget for the litigation.
The information in this report is intended to empower law firms and their clients to negotiate mutually beneficial rates and alternative fee arrangements with greater accuracy and confidence," said Craig Raeburn, managing director, TyMetrix Legal Analytics.
offer the choice of technology; legal project management and requests for proposal; de-mystifying alternative fee arrangements and using them to win business in the RFP process; how to promote individual attorneys within your firm's brand; and CMO roundtable discussions.
Not surprisingly, recent studies indicate that nearly 80 percent of general counsel and chief legal officers would like to see alternative fee arrangements increased as a percentage of their legal budgets.
His firm, which already offered fixed rates, is offering other alternative fee arrangements including blended rates, contingency fees, fees based on performance and discounted fees based on volume.
Managers should include alternative fee arrangements to protect their revenue stream during this transition.
Mr Waller said: 'The financial impact of these alternative fee arrangements can be significant.