In-house attorneys routinely receive, review and compare alternative fee arrangement proposals and nearly all law firms regularly submit them, but parties often do not follow a disciplined approach to developing a realistic budget. Partners Gregory Lantier, Natalie Hanlon Leh and Mindy Sooter have published a six-part series aimed at providing guidance to ensure that AFA proposals are meaningful and realistic to both clients and outside counsel. In part four of the series, the authors discuss five questions that firm management should ask internally before approving a litigation AFA proposal. Read the full article.

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Originally published Law360

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