beyond the billable hour
At Adelman Law Firm, we believe in an entrepreneurial legal services business model, that is unrestrained by the billable hour based business model. We recognize that clients place value on shifting legal fee risk to law firms. Shifting this risk to a firm often aligns the firm’s incentives with the client’s, and reduces client risk. In addition, clients who lack financial resource needed to pursue important litigation are provided the opportunity to pursue it. These arrangements provide predictable cash flow and budgeting to both the firm and client.
Alternative fee arrangements (AFAs) are agreements between the firm and client to provide compensation to the firm through other than hourly billing. These arrangements take the form of fixed fees, value or success based fees or other alternatives to hourly fees, etc. AFA arrangements often span more than one case. We have experience in negotiating AFAs to handle a portfolio of defense cases.