Credit: Andrey_Popov/Shutterstock.com 4 Reasons Law Firms Might Drive the Adoption of AFAs
Facing a limited associate talent pool, stiff competition from ALSPs and calls for boosting diversity and inclusion, law firms could have plenty of incentive to begin pushing toward more alternative fee arrangements.
November 08, 2021 at 10:00 AM
5 minute read
Legal Services
There appear to be few things more resilient in this life than the billable hour. But while some corporate legal departments or legal ops professionals have begun to push back against this time-honored payment plan, it may actually be law firms that are ultimately responsible for making alternative fee arrangements more prevalent.
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