Alternative fee strategies (Part 2 of 3): Conservative risk avoidance

This three-part series is reproduced from the LegalBizDev Survey of Alternative Fees , a research report based on in-depth interviews with chairmen, senior partners and C-level executives at 37 of the largest law firms in the US. More conservative firms are trying to plan bids so that every deal is...

Why alternative fee revenues will keep going up

In 2010, 60% of Tucker Ellis & West's revenues came from non-hourly fees. In the seven years since the firm was founded, alternative fee arrangements (AFAs) have been growing in importance year by year. The firm currently has 160 lawyers in Ohio, California and Colorado, and AFAs now account...