---
title: AltFee X Clio Draft Webinar - The Benefits of Alternative Fee Arrangements
description: Discover how to implement flat fees in your law firm effectively. Learn strategies for overcoming billable hour challenges and boosting profitability.
image: https://www.altfeeco.com/hubfs/Stock%20Images/istockphoto-540526248-612x612-1.jpeg
---

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[![articles](https://www.altfeeco.com/hubfs/articles.svg) **Articles** Articles to inspire you on your AFA journey.](https://www.altfeeco.com/resources/tag/articles) [![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) [![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) [![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)

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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)

The Pricing Playbook for Modern Law Firms

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

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[Firm Size](https://www.altfeeco.com/resources/altfee_x_cliodraft_webinar-1024#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)

### 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)

### 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)

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)

### 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) [![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) [![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) [![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)

### 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) [![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)

### 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)

The Pricing Playbook for Modern Law Firms

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

[Login](https://app.altfeeco.com/)

[Book A Call](https://www.altfeeco.com/get-a-demo-scheduler)

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- [Webinars](https://www.altfeeco.com/resources/tag/webinars)

# AltFee X Clio Draft Webinar - The Benefits of Alternative Fee Arrangements

Learn how AltFee and Clio Draft can enhance your law firm's efficiency and profitability. Discover alternative fee arrangements, explore automation tools, and gain insights to improve your firm’s financial success.

- By AltFee
- October 30, 2024

- [Resources](https://www.altfeeco.com/resources)
- AltFee X Clio Draft Webinar - The Benefits of Alternative Fee Arrangements

## AltFee X Clio Draft Webinar

### The Benefits of Alternative Fee Arrangements

 Join us for an in-depth webinar co-hosted by AltFee and [Clio Draft](https://www.lawyaw.com/) as we explore Alternative Fee Arrangements (AFAs) and how they can transform your firm's approach to pricing. Discover strategies to overcome the challenges of the billable hour, learn practical steps for implementing flat fees, and hear insights on leveraging technology like Clio Draft to boost efficiency and profitability. Whether you're new to AFAs or looking to optimize your pricing strategy, this session will provide valuable knowledge to help your firm succeed. 

 

 

 

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#### 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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