---
title: Considering Alternative Fee Arrangements? Here's What You Need to Know
description: Discover how AFAs can protect your law firm's revenue and enhance client satisfaction. Use our checklist to learn more about how to maximize AFAs benefits.
image: https://www.altfeeco.com/hubfs/Untitled%20design%20(2).png
---

[AltFee Wins the 2026 Clio Integration Award for **Best Business of Law App**](https://www.altfeeco.com/resources/in-the-news-altfee-wins-the-2026-clio-integration-awards)

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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)

### 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)

### 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)

AltFee Navigator: Tailored Pricing Consulting

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

[Pricing](https://www.altfeeco.com/pricing)

[Firm Size](https://www.altfeeco.com/resources/considering-afa-checklist#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)

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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) [![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)

[Product](https://www.altfeeco.com/product)

### 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)

### 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)

### 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)

AltFee Navigator: Tailored Pricing Consulting

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

[Pricing](https://www.altfeeco.com/pricing)

[Firm Size](https://www.altfeeco.com/resources/considering-afa-checklist#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)

![](https://www.altfeeco.com/hubfs/Untitled%20design%20(2).png)

- [AFA Quick Hitters](https://www.altfeeco.com/resources/tag/afa-quick-hitters)

# Considering Alternative Fee Arrangements? Here's What You Need to Know

As the legal landscape shifts towards value-driven services, AFAs are gaining popularity. Assess if they're right for your firm and how to maximize their benefits with our comprehensive checklist.

- By AltFee
- August 7, 2024

- [Resources](https://www.altfeeco.com/resources)
- Considering Alternative Fee Arrangements? Here's What You Need to Know

![Checklist page 1 PNG copy](https://www.altfeeco.com/hs-fs/hubfs/Checklist%20page%201%20PNG%20copy.png?width=2550&height=3300&name=Checklist%20page%201%20PNG%20copy.png)![Checklist pg 2 PNG copy](https://www.altfeeco.com/hs-fs/hubfs/Checklist%20pg%202%20PNG%20copy.png?width=2550&height=3300&name=Checklist%20pg%202%20PNG%20copy.png)![Checklist pg 3 PNG copy](https://www.altfeeco.com/hs-fs/hubfs/Checklist%20pg%203%20PNG%20copy.png?width=2550&height=3300&name=Checklist%20pg%203%20PNG%20copy.png)![Checklist pg 4 PNG copy](https://www.altfeeco.com/hs-fs/hubfs/Checklist%20pg%204%20PNG%20copy.png?width=2550&height=3300&name=Checklist%20pg%204%20PNG%20copy.png)

 

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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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