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Alternative Fees

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Overview

To develop new business in today's economy, law firms need to provide more value to their clients. One way to accomplish this is to offer alternative billing arrangements such as fixed fees, contingency fee agreements, and hourly fee caps.

In a recent ACC survey of general counsel and chief legal officers, 60% said that the best way for outside counsel to improve relations is to offer more alternative billing arrangements. 77% would like to increase the percent of their budgets spent on alternative fees.

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