SIMPLIFIEDA Mini-Book Series by LLM, Inc.


Taking an Alternative Approach:
AFAs

How moving beyond the billable hour can benefit both inside and outside counsel

Billable Hour Origins

So how did the billable hour rise and become the fee method of choice for decades? Learn its historical beginnings.

The Value of AFAs

AFAs benefit both client and firm alike. There are various types for various types of matters, such as contracts M&A and litigation.

Pros and Cons

Depending on the client’s specific goal, there’s an AFA to match. Learn which AFA type is best for which goal and its pros and cons to both client and firm.

It’s AFA Time

While the billable hour ruled much of the 20th century, AFAs are now on the rise — and with good reason. They offer corporate clients and firms a more tailored approach to billing and can help in clarifying goals, foster communication around budget and status and more.

Highlights of the AFA mini book include:

  • A brief history of the rise in use of the AFA
  • What type of work a particular AFA is best used for
  • Pros and cons of specific AFAs
  • How to measure AFA success

To learn about AFAs, download the Simplified mini book.

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