The Knowledge Group Has Scheduled a Live Webcast on Alternative Fee Arrangements
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Alternative Fee Arrangements: Opportunities and Legal Challenges. This two-hour event is scheduled on April 20, 2016 at 3:00 PM to 5:00 PM (ET).
Jersey City, NJ, March 9, 2016 (Newswire.com) - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Alternative Fee Arrangements: Opportunities and Legal Challenges. This two-hour event is scheduled on April 20, 2016 at 3:00 PM to 5:00 PM (ET).
Event Synopsis:
The growing prominence of alternative fee arrangements (AFAs) among many law firms can be attributed to client pressure during the recession. Instead of hourly charges, many clients are now being offered billing based on case outcomes.
According to some experts, the current backdrop can provide law firms with more opportunities. The fixed demand for legal services and the disinclination of many clients towards rate increases, make it hard for most firms to obtain more billable-hour profit. AFAs can be a good way for law firms to be more profitable and to differentiate itself from its competitors. A recent survey revealed that half of the polled clients consider a firm's openness to AFAs as a huge factor in choosing an outside counsel.
Appropriate measures should be taken by law firms to make AFAs work for them. Those with internal procedures that deal with the growing need for AFAs will take the leading position to take away opportunities from the unequipped ones.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will help law firms understand the important aspects of this significant topic. They will provide an in-depth discussion of alternative fee arrangements’ implications. Speakers will also offer best practices in developing and implementing an effective AFA strategy.
Key topics include:
§ Alternative Fee Arrangements – An Overview
§ Law Firm Billing Problems
§ AFA Advantages and Disadvantages
§ AFA Profitability
§ Best AFA Practices
§ Legal Industry Forecasts
Speakers/Faculty Panel
Mario C. Ciano, Chairman, Reminger
Allegra J. Lawrence-Hardy, Partner, Lawrence & Bundy, LLC
Eugene C. Blackard Jr., Managing Partner, Archer Norris, PLC
For an updated list of the faculty panel, please visit: theknowledgegroup.org/event-homepage/?event_id=1427
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit theknowledgegroup.org for further information and inquiry.
