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In response to rising cost pressures, corporate legal departments (CLDs) are increasingly interested in cost controls and improved budget certainty. Time-based alternative fee arrangements (AFAs) have become a useful tool in the CLD toolbox, helping to re-allocate some of the risk associated inefficiency or unforeseen events to firms. In contrast, CLDs have been slower to adopt alternative pricing based on the value of business outcomes, what we call “value-based AFAs.” Download this whitepaper to learn which value-based AFAs offer a viable pricing model which could be explored by CLDs in addition to time-billing and time-based AFAs. You will also learn:
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