When I interviewed chairmen, senior
partners, and C-level executives from AmLaw 100 firms (in the LegalBizDev
Survey of Alternative Fees ), nine types of AFAs were reported most
Fee caps : In
a fee cap, hourly rates are charged up to an agreed maximum amount for a
particular matter. Beyond that, if additional work is required to
complete the matter, the law firm pays for it. Of course, this is really...