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Alternative Fee Arrangements

How can a law firm choose a fee arrangement that is beneficial for the client and calculated to be profitable for the firm? Once that fee is set, how can the law firm best manage the engagement to ensure sustained profitability? How can it measure profitability in this new environment?

18 minute read May 26, 2010 at 12:28 PM
By
Bret Baccus and Fraya Lynn Hirschberg
Alternative Fee Arrangements

With clients seeking savings and a greater degree of predictability in their outside legal spend, alternative fee arrangements are becoming more common.

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