Alternative Fee Arrangements: All You Need to Know in 2017
Today's economic challenges and rapidly evolving market trends have encouraged various sectors from the professional services industry to reassess their business practices. As clients relentlessly demand more transparency and predictable pricing, the percentage of professionals employing the billable hour model has lessened and the buzz about Alternative Fee Arrangements (AFAs) has gained its momentum in the legal world. While AFAs offer numerous advantages to improve client relationships, these arrangements may not be suitable for every legal matter. Thus, it is crucial for firms to exercise due diligence and remain apace with the recent developments to avoid potential legal issues and risks.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders organized by The Knowledge Group will provide the audience with an overview of the latest trends and best practices with respect to Alternative Fee Arrangements. Speakers will also help attendees better understand the important aspects of this significant topic and offer insights on how to apply this business trend to their company and/or clients.
Some of the major topics that will be covered in this course are:
- Alternative Fee Arrangements Vs. Hourly Billing: Addressing problems with the proper solutions
- Common Alternative Fee Arrangements
- Opportunities and Risks
- Legal Issues and Challenges
- Examples/case studies
John M. Riccione, Partner
Taft Stettinius & Hollister LLP
William J. Serritella, Jr., Partner
Taft Stettinius & Hollister LLP
- Problem (hourly billing)
- Solution (AFA)
- Any AFA is typically the product of four variables
- Case Study
- Client’s objectives
- Pre-Suit Analysis
- Craft Fee Structure (define success)
- Review Benefits
- How to Choose an AFA
John F. Hill, Partner
Buckingham, Doolittle & Burroughs, LLC
- AFAs – What’s popular vs. what works
- Some practical tips for crafting “win-win” AFAs for litigation
- The golden rules for getting satisfaction and value from AFAs
Who Should Attend:
- Executive Directors
- Presidents and Senior Management
- Chief Administrative Officers
- In house Lawyers
- Legal & Senior Executives
John Riccione represents businesses in a wide array of complex commercial disputes, including real estate, construction claims, trade secrets, computer fraud and abuse, UCC warranties and remedies, and labor and employment. He is a frequent speaker on the topics of alternative fee arrangements, non-compete agreements and Uniform Commercial Code warranties.
John Riccione represents businesses in a wide array of complex commercial disputes, including real estate, construction claims, trade secrets, computer …
Bill Serritella is a commercial litigator who focuses his practice on banking, commercial, bankruptcy and appellate litigation. He lectures on numerous topics, including commercial workouts, Uniform Commercial Code issues, bankruptcy, trial practice, appellate practice, contract law and alternative billing practices.
Bill Serritella is a commercial litigator who focuses his practice on banking, commercial, bankruptcy and appellate litigation. He lectures on …
John F. Hill is a courtroom lawyer who represents business owners, with a focus on doctors, lawyers, and other professionals. He has tried over 75 civil cases to juries over a 30-year career. As Chair of Buckingham’s Litigation Practice Group, John handles cases involving business interference, shareholder disputes, contract and insurance disputes, as well as other common commercial litigation. John also serves as a boardroom counselor for clients who recognize the value and perspective that an experienced courtroom lawyer can bring to a dispute before litigation begins.
John F. Hill is a courtroom lawyer who represents business owners, with a focus on doctors, lawyers, and other professionals. …
Print and review course materials
Method of Presentation:
Experience in law practice
NASBA Field of Study:
Business Law - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Taft Stettinius & Hollister LLP
At Taft Stettinius & Hollister our 400 attorneys in nine offices practice across a wide range of industries, in virtually every area of law, including Business and Finance, Business Restructuring, Environmental, Health and Life Sciences, Intellectual Property, Labor and Employment, Litigation, Private Client, Real Estate and Tax law. Since 1885, the firm has provided breadth and depth of legal expertise with a trusted business perspective to help our clients reach their goals.
About Buckingham, Doolittle & Burroughs, LLC
Buckingham, Doolittle & Burroughs has served Northeast Ohio for more than 100 years as the region’s preeminent business law firm. With 65 attorneys in Akron, Canton and Cleveland, Buckingham has extensive experience working with owners of middle-market businesses in all aspects of their operations. Business owners and general counsel turn to Buckingham for legal guidance in the firm’s six main practice areas: Business, Litigation, Employment & Labor, Real Estate & Construction, Health & Medicine, and Trusts & Estates.