Legal Industry Pricing Report 2023
The use of AFAs in the legal industry is growing rapidly. In this first-ever AFA pricing trends report, we uncover:
- Law firms make more money using AFAs compared to the billable hour
- Law firms need to build scoping and pricing systems that enable more than just senior team members to take part in the pricing process
- The majority of law firms are always considering the value they provide when pricing, but do not have a systematic approach to align value with fees
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Uncover the Latest Trends in AFA Pricing
The Legal Industry Pricing Report 2023 aims to understand the current state of AFA pricing in the legal industry, including its growth, the conversation from a lawyer and client’s perspective, and how technology adoption is assisting AFA implementation. By surveying legal professionals across the world, the report showcases that AFAs are contributing to increased profits for firms, better use of technology, and better work-life balance and working conditions for legal professionals.
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Who 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.
Price with Confidence
Apply the software’s pricing analytics in your strategy to create and optimize your pricing templates.
Collaborate with Your Team
Built-in comments and notifications allow you and your team to optimize your pricing strategy in one place.
Straightforward navigation and customizable guidelines mean that client matters and templates are kept separate while still being easy to find.
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.