---
title: Get Your Free White Paper - AltFee
image: https://www.altfeeco.com/hubfs/LG2_Whitepaper.png
---

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### Understand Your Past

[![history-icon-firefly](https://www.altfeeco.com/hubfs/Icons/Pricing_Pg/history-icon-firefly.svg) **Legal Pricing Intelligence** Transform years of historical billing data into actionable insights on profitability, efficiency, realization, collections, and pricing opportunities. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/legal-pricing-intelligence-altfee?hsLang=en)

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[![monitor-icon-coral-tree](https://www.altfeeco.com/hubfs/Icons/Pricing_Pg/monitor-icon-coral-tree.svg) **Fixed Fee Intelligence** Get ongoing intelligence on completed flat fee matters without changing your existing workflow. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/fixed-fee-intelligence?hsLang=en)

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[![altfee-arrow-mango-orange](https://www.altfeeco.com/hubfs/Icons/Pricing_Pg/altfee-arrow-mango-orange.svg) **AltFee Platform** Build a repeatable system for scoping, pricing, budgeting, and managing alternative fee arrangements. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/product?hsLang=en)

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### Solo Practitioner

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### Small to Mid-Size

[![mega-menu-thumb02](https://www.altfeeco.com/hubfs/mega-menu-thumb02.png) **Small + Mid-Size** Scope, manage, and collaborate on pricing for all your projects with one comprehensive tool. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/small-mid-firms?hsLang=en)

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[![mega-menu-thumb03](https://www.altfeeco.com/hubfs/mega-menu-thumb03.png) **Large Firms** Get the all-in-one pricing tool that allows you to scope, manage, and collaborate on your large firm’s AFAs. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/large-firms?hsLang=en)

The Future of Pricing in the Legal Industry: Embracing AI + Efficiency

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### Resources

[![articles](https://www.altfeeco.com/hubfs/articles.svg) **Articles** Articles to inspire you on your AFA journey.](https://www.altfeeco.com/resources/tag/articles?hsLang=en) [![webinars](https://www.altfeeco.com/hubfs/webinars.svg) **Webinars** On-demand and live events, CLE/CPD webinars, interactive workshops, and more.](https://www.altfeeco.com/resources/tag/webinars?hsLang=en) [![podcasts](https://www.altfeeco.com/hubfs/podcasts.svg) **Podcasts** Helping legal professionals receive timely and actionable advice on AFAs in a convenient audio format.](https://www.altfeeco.com/resources/tag/podcasts?hsLang=en) [![case-studies](https://www.altfeeco.com/hubfs/case-studies.svg) **Case Studies** How AltFee is helping law firms across the globe.](https://www.altfeeco.com/resources/tag/case-studies?hsLang=en)

### AFA Law Firms

[![law-firm-directory](https://www.altfeeco.com/hubfs/law-firm-directory.svg) **Law Firm Directory** Find legal providers worldwide offering non-hourly pricing options.](https://www.altfeeco.com/afa-law-firm-directory?hsLang=en) [![AltFee\_Modern-Pricing\_Certified](https://www.altfeeco.com/hubfs/AltFee_Modern-Pricing_Certified_T.png) **Modern Pricing Certification** Recognizing innovative modern pricing law firms.](https://www.altfeeco.com/resources/modern-pricing-certified?hsLang=en)

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[![roi-calculator](https://www.altfeeco.com/hubfs/roi-calculator.svg) **ROI Calculator** See your single matter and annual revenue impact with AFA's.](https://www.altfeeco.com/roi-calculator?hsLang=en)

The Pricing Playbook for Modern Law Firms

[Free Playbook](https://www.altfeeco.com/get-your-free-pricing-playbook?hsLang=en) ![The Pricing\_Playbook](https://www.altfeeco.com/hubfs/Stock%20Images/istockphoto-894315018-612x612-1.jpeg)

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### Understand Your Past

[![history-icon-firefly](https://www.altfeeco.com/hubfs/Icons/Pricing_Pg/history-icon-firefly.svg) **Legal Pricing Intelligence** Transform years of historical billing data into actionable insights on profitability, efficiency, realization, collections, and pricing opportunities. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/legal-pricing-intelligence-altfee?hsLang=en)

### Monitor Your Present

[![monitor-icon-coral-tree](https://www.altfeeco.com/hubfs/Icons/Pricing_Pg/monitor-icon-coral-tree.svg) **Fixed Fee Intelligence** Get ongoing intelligence on completed flat fee matters without changing your existing workflow. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/fixed-fee-intelligence?hsLang=en)

### Control Your Future

[![altfee-arrow-mango-orange](https://www.altfeeco.com/hubfs/Icons/Pricing_Pg/altfee-arrow-mango-orange.svg) **AltFee Platform** Build a repeatable system for scoping, pricing, budgeting, and managing alternative fee arrangements. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/product?hsLang=en)

AltFee Navigator: Tailored Pricing Consulting

[Learn More](https://www.altfeeco.com/navigator?hsLang=en) ![Two\_workers\_tablet](https://www.altfeeco.com/hubfs/Stock%20Images/Two_workers_tablet.jpg)

[Pricing](https://www.altfeeco.com/pricing?hsLang=en)

[Firm Size](https://www.altfeeco.com/get-your-free-ai-whitepaper#firm-size)

### Solo Practitioner

[![mega-menu-thumb01](https://www.altfeeco.com/hubfs/mega-menu-thumb01.png) **Solo Practitioner** Whether your practice is just getting off the ground or in the process of growing, AltFee has pricing solutions for you. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/solo-practitioners?hsLang=en)

### Small to Mid-Size

[![mega-menu-thumb02](https://www.altfeeco.com/hubfs/mega-menu-thumb02.png) **Small + Mid-Size** Scope, manage, and collaborate on pricing for all your projects with one comprehensive tool. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/small-mid-firms?hsLang=en)

### Large Firms

[![mega-menu-thumb03](https://www.altfeeco.com/hubfs/mega-menu-thumb03.png) **Large Firms** Get the all-in-one pricing tool that allows you to scope, manage, and collaborate on your large firm’s AFAs. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/large-firms?hsLang=en)

The Future of Pricing in the Legal Industry: Embracing AI + Efficiency

[AI Whitepaper](https://www.altfeeco.com/get-your-free-ai-whitepaper) ![ai-whitepaper-banner](https://www.altfeeco.com/hubfs/ai-whitepaper-banner.png)

[Resources](https://www.altfeeco.com/resources?hsLang=en)

### Resources

[![articles](https://www.altfeeco.com/hubfs/articles.svg) **Articles** Articles to inspire you on your AFA journey.](https://www.altfeeco.com/resources/tag/articles?hsLang=en) [![webinars](https://www.altfeeco.com/hubfs/webinars.svg) **Webinars** On-demand and live events, CLE/CPD webinars, interactive workshops, and more.](https://www.altfeeco.com/resources/tag/webinars?hsLang=en) [![podcasts](https://www.altfeeco.com/hubfs/podcasts.svg) **Podcasts** Helping legal professionals receive timely and actionable advice on AFAs in a convenient audio format.](https://www.altfeeco.com/resources/tag/podcasts?hsLang=en) [![case-studies](https://www.altfeeco.com/hubfs/case-studies.svg) **Case Studies** How AltFee is helping law firms across the globe.](https://www.altfeeco.com/resources/tag/case-studies?hsLang=en)

### AFA Law Firms

[![law-firm-directory](https://www.altfeeco.com/hubfs/law-firm-directory.svg) **Law Firm Directory** Find legal providers worldwide offering non-hourly pricing options.](https://www.altfeeco.com/afa-law-firm-directory?hsLang=en) [![AltFee\_Modern-Pricing\_Certified](https://www.altfeeco.com/hubfs/AltFee_Modern-Pricing_Certified_T.png) **Modern Pricing Certification** Recognizing innovative modern pricing law firms.](https://www.altfeeco.com/resources/modern-pricing-certified?hsLang=en)

### Tools

[![roi-calculator](https://www.altfeeco.com/hubfs/roi-calculator.svg) **ROI Calculator** See your single matter and annual revenue impact with AFA's.](https://www.altfeeco.com/roi-calculator?hsLang=en)

The Pricing Playbook for Modern Law Firms

[Free Playbook](https://www.altfeeco.com/get-your-free-pricing-playbook?hsLang=en) ![The Pricing\_Playbook](https://www.altfeeco.com/hubfs/Stock%20Images/istockphoto-894315018-612x612-1.jpeg)

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![LG2\_AI\_Whitepaper](https://www.altfeeco.com/hubfs/LG2_Whitepaper.png)

#### AltFee Presents:

## The Future of Pricing in the Legal Industry: Embracing AI + Efficiency

The legal industry is poised for a significant transformation fueled by AI-driven efficiency gains. In this White Paper we'll uncover how:

- Law firms should balance AI integration with sustainable pricing models to future-proof profitability.
- AI and automation are revolutionizing the legal industry, making billable tasks more efficient.
- The roles within law firms will change as efficiency-focused technology adoption increases.

### Get Your Free White Paper

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![](https://www.altfeeco.com/hubfs/raw_assets/public/Altfee/images/airplane.png)

44%

approximately **44%** of current legal tasks could be automated by AI1

82%

**82%** of lawyers believe that ChatGPT and generative AI can be readily applied to legal work2

51%

**51%** of lawyers believe that ChatGPT and generative AI should be applied to legal work2

## Embrace Efficiencies and Future-Proof Your Firm's Pricing Strategy

The legal industry is undergoing a transformative shift through AI and automation, enhancing efficiency. This challenges traditional time-based billing models, leading law firms to explore alternative pricing strategies that align with AI-driven productivity. These strategies include value-based pricing, fixed/flat fees, staged pricing, subscription models, and more. As AI's role becomes more established, law firms should balance technology integration with sustainable pricing models while communicating with clients about the value of AI. Adapting to this evolving landscape enables law firms to position themselves as leaders, delivering value, maintaining profitability, and fostering stronger client relationships.

[View White Paper](https://www.altfeeco.com/get-your-free-ai-whitepaper#top)

## FIRMS AROUND THE GLOBE CHOOSE ALTFEE

![STG\_logo-gray](https://www.altfeeco.com/hubfs/STG_logo-gray.png)

![Temple\_Law\_website](https://www.altfeeco.com/hubfs/External%20Logos/Temple_Law_website.png)

![MarloweLaw-site-logo-1](https://www.altfeeco.com/hubfs/External%20Logos/MarloweLaw-site-logo-1.png)

![DL&Co\_logo\_icon\_gray\_RGB](https://www.altfeeco.com/hubfs/DL%26Co_logo_icon_gray_RGB.png)

![Edwards\_ID\_Horizontal\_colour-1](https://www.altfeeco.com/hubfs/External%20Logos/Edwards_ID_Horizontal_colour-1.png)

![CompanyCounselLLC\_gray-1](https://www.altfeeco.com/hubfs/CompanyCounselLLC_gray-1.png)

![Werner-Law-and-Planning-Gray](https://www.altfeeco.com/hubfs/Werner-Law-and-Planning-Gray.png)

![H-Logo-RACE\_Gray](https://www.altfeeco.com/hubfs/H-Logo-RACE_Gray.png)

![Clarity\_law2\_gray](https://www.altfeeco.com/hubfs/Clarity_law2_gray.png)

## What is AltFee?

We recognized that law firms need a pricing tool that provides knowledge management and collaboration to make managing AFAs easy and efficient. Drawing on our team’s over 60 years of combined legal experience within the legal industry, AltFee was born.

![features-02](https://www.altfeeco.com/hubfs/features-02.png)

![List](https://www.altfeeco.com/hubfs/List.svg)

#### Price with Confidence

Apply the software’s pricing analytics in your strategy to create and optimize your pricing templates.

![features03](https://www.altfeeco.com/hubfs/features03.png)

![collaborate](https://www.altfeeco.com/hubfs/collaborate.png)

#### Collaborate with Your Team

Built-in comments and notifications allow you and your team to optimize your pricing strategy in one place.

![features-templates](https://www.altfeeco.com/hubfs/features-templates.png)

![organize](https://www.altfeeco.com/hubfs/organize.png)

#### Stay Organized

Straightforward navigation and customizable guidelines mean that client matters and templates are kept separate while still being easy to find.

![features-clio](https://www.altfeeco.com/hubfs/features-clio.png)

![connect](https://www.altfeeco.com/hubfs/connect.png)

#### Connect with Clio

Client information that’s updated in Clio automatically updates in AltFee, so you can be sure you’re always working with the latest data.

![](https://www.altfeeco.com/hubfs/raw_assets/public/Altfee/images/divider.svg)

## It's Time to Future Proof Your Pricing

Systemize your approach to pricing with AltFee. Build your competitive advantage in this new era of AI-driven efficiency gains.

[Book A Call](https://www.altfeeco.com/get-a-demo-scheduler?hsLang=en) [Learn More](https://www.altfeeco.com/navigator?hsLang=en)

1Jan Hatzius, Joseph Briggs, Devesh Kodnani, Giovanni Pierdomenico, “The Potentially Large Effects of Artificial Intelligence on Economic Growth (Briggs/Kodnani)”, *Goldman Sachs Economics Research* (March 26, 2023) online: \<[https://www.ansa.it/documents/1680080409454\_ert.pdf](https://www.ansa.it/documents/1680080409454_ert.pdf)\>.

 2New report on ChatGPT & generative Ai in law firms shows opportunities abound, even as concerns persist”, *Thomson Reuters* (April 17, 2023), online: \<[https://www.thomsonreuters.com/en-us/posts/technology/chatgpt-generative-ai-law-firms-2023/](https://www.thomsonreuters.com/en-us/posts/technology/chatgpt-generative-ai-law-firms-2023/)\>.

[![](https://www.altfeeco.com/hubfs/AltFee-Logo.svg)](https://www.altfeeco.com/?hsLang=en)

AltFee is award-winning legal pricing software that helps law firms price with confidence, forecast profitability, and make smarter pricing decisions using their own data.

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### Site Map

- [Product](https://www.altfeeco.com/product)
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- [AFA Firm Directory](https://www.altfeeco.com/afa-law-firm-directory)
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- [About Us](https://www.altfeeco.com/about-us)
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### Become an AltFee Insider

Get insights on modern legal pricing, industry trends, and practical strategies to help your firm price smarter, delivered straight to your inbox.

### Want to see AltFee in action?

### Send Us A Message

#### Pricing a Single Matter

Select a typical matter: Company Incorporation Will Shareholders Agreement Trademark Registration M&A Share Sale Employment Agreement Review Contested Divorce Civil Litigation Commercial Property Sale

##### Without AltFee (Hourly)

Number of hours to complete matter

Average blended hourly rate

$

Average revenue collected

75% is industry average (taking into consideration both billing realization rate & collection rate)

%

##### With AltFee

Expected revenue increase using AltFee

%

Expected collection rate using AltFee

Percentage of your billed fees which are actually collected

%

##### Totals

Amount recorded for the matter

= total number of hours to complete matter x average blended hourly rate

#### $ 1750

Net amount earned by law firm

= amount recorded for the matter x average revenue collected

#### $ 1313

##### AltFee Impacted Totals

Amount billed to client

#### $ 2100(+ $345)

Net amount earned by law firm

#### $ 2058 (+ $745)

#### AltFee Annual Impact

##### Firm-Wide AltFee Impact

Number of billing individuals in firm

Estimated number of AltFee priced matters  
(per individual, annually)

##### Annual revenue increase to firm

#### + $186,375

Note: This calculator is for illustrative purposes only

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