Billing/AFAs Archives - Page 2 of 2 - The BTI Consulting Group

The Hitchhiker’s Guide to Profitable AFAs

Far out at the edges of unchartered space exists the mostly uninhabited planet of Profitable AFAs. This isn’t science fiction comedy. Profitable AFAs do, in fact, exist. We partnered with our friends at Law360 to survey more than 750 attorneys. What we discovered is 22% of partners are prospering in…

Michael RynowecerJuly 29, 2014

The Mad Clientist

The Going Rate, Part II—How Your Rates Really Compare

To see exactly where your firm's rates stack up to your competitors in BTI's Billing Rate Reference 2014, visit: www.bticonsulting.com/rates. And, in case you missed last week's post: The Going Rate, Part 1—What Clients Really Pay Law Firms

Michael RynowecerJune 3, 2014

The Mad Clientist

The Going Rate—What Clients Really Pay Law Firms

Check back next week for The Going Rate, Part 2—What Law Firms Really Charge Clients. And learn more about what corporate counsel are really paying law firms in BTI's Billing Rate Reference 2014 here: www.bticonsulting.com/rates.

Michael RynowecerMay 27, 2014

The Mad Clientist

How I Learned to Stop Worrying and Love AFAs

Skeptical Law Firm: Oh no… you want to talk about AFAs, again? We have clients who talk about AFAs all the time. The Mad Clientist: I hate to break it to you: AFAs are not going away. Corporate counsel love the idea of AFAs—in 2013, spending under alternative fees rose…

Michael RynowecerMay 21, 2014

The Mad Clientist

31% of Leadership Partners Report Higher Profits from Alternative Fees

Profits emerge from the murky waters of alternative fees. To the surprise of many, but not all, 31% of law firm leadership partners report making more money when using AFAs. Fully half of these are from AmLaw 100 firms. These larger firms are changing the value equation to their benefit…

Michael RynowecerApril 25, 2011

The Mad Clientist

Hope or Hype: Clients Speak on Why Alternative Billing Does Not Solve the Value Challenge

4 out of 5 clients get their best value from old-school hourly billing, according to candid feedback from more than 250 GCs. While experts, the press and even law firms spend scores of hours touting the "death of the billable hour", corporate counsel continue to funnel over 90% of their…

Michael RynowecerMarch 16, 2010