Fill out the form to access this webinar
Law firms of all sizes are aiming for more clients and profit, but the traditional billing mindset could limit the scope of growth. Not all clients can afford to pay for legal services at an hourly rate. Fortunately for them, alternative fee agreements (AFAs) can fill that gap and offer a value-based model that suits a broader group of clients.
44% of firms discovered that clients don't pay their bills because they lack the funds to pay all at once, according to a Legal Trends Report.
Join this webinar to learn about alternative fee agreements (AFAs), such as flat fees, blended fees, subscription-based billing etc. We'll explain how AFAs help provide client-centered servicing while improving your firm’s revenue.
Additionally, we'll discuss how automated tools like document automation and practice management empower staff to be more productive and motivated. These tools eliminate issues like delays and errors and save more time for high-impact work – all contributing to an all-rounded profitability.
Here's what we’ll cover:
- Types of alternative fee agreements and their benefits
- Automated tools and their role in improving productivity & profitability
- Tips to improve law firm profitability in 2023