Have you been wanting to implement alternative fee arrangements (AFAs) in your practice, but you just don’t know how? We get that it’s one thing to move away from the strict billable hour because a client requested that you do so, but it’s very different when you’re the one proposing it. However, doing so can be a win-win for both you and your client: Altman Weil’s latest Law Firms in Transition survey showed a “7-year trend of compelling success enjoyed by firms that take a proactive approach to alternative fee arrangements.” In other words, being proactive can help you make more money and make your clients very happy.
This webinar will help you figure out exactly how to start offering AFAs to your clients.
What you’ll learn:
- Commonly used AFAs and how to determine which one might be most successful for your firm
- How solo, small, and medium sized firms can approach clients with creative AFAs that can increase your profitability and minimize risk for both parties
- How to handle various hypothetical situations and how to craft agreements that clearly define expectations for you and your client in each scenario
- How you can easily implement and track AFAs using your practice management software
Join us this Thursday, May 11th from 12:00-12:40PM ET.
Daniel Poterek is a Partner at The Burton Firm, P.A. At his firm, Daniel manages all aspects of complex litigation in state and federal courts. He has built a client base for a diversified legal practice that focuses on employment disputes, business consulting, commercial law, family law, business transactions, and real estate. Daniel has experience with cases involving violations of state and federal employment laws, retaliation claims, wrongful death, defamation, fraud, negligence, civil conspiracy, tortious interference, breaches of contract, and intentional infliction of emotional distress. Daniel received his Bachelor of Arts from the University of Miami in 2007 and his Juris Doctor from the University of Miami School of Law in 2010.
Nefra MacDonald is the Business Development and Strategic Partnership Coordinator at Rocket Matter. After working in various capacities at law firms, corporations, and non-profits, she decided to use her experience to help address the pain points that practicing lawyers feel every day. She currently co-chairs Rocket Matter’s Product Advisory Committee, which serves as a source of targeted feedback for the company’s product improvement strategy.