Law departments are reaping the benefits of AFAs – and the data shows it:
“The votes are in. Clients are loving AFAs. And we’ve got the data* to show just how much….Alternative Fee Arrangements (AFAs) now account for $21.3 billion of outside counsel spending in 2015, up from $13.1 billion in 2013. AFAs are the biggest growth market around—registering a 19.8% compound annual growth rate for the last 3 years.”
Read: AFAs Soar to an All-Time High at The Mad Clientist