In an April 21 article published by North Carolina Lawyers Weekly, McGuireWoods senior counsel Angela Zimmern offers insights on alternative fee arrangements for law firms.
For decades, the billable hour has stood alone as the primary method of payment for legal services. However, the sun may be setting on what many consider an outdated practice, ushering in the rise of alternative fee arrangements (AFAs). Zimmern, in charge of McGuireWoods’ ClientSync legal project management tool, asserts that AFAs will soon become a more effective way for firms to attract, and keep, clients.
Subscribers can read the full article at nclawyersweekely.com