Originally published by Law360
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 five of the series, the authors discuss five questions that all AFAs should answer clearly. Read the full article.
Read the previous articles in the series:
- 5 Questions to Ask Client Before Proposing a Litigation AFA (part one)
- 5 Questions to Ask Firm Before Accepting a Litigation AFA (part two)
- 5 Questions to Ask Yourself Before Submitting a Litigation AFA (part three)
- 5 Questions Firm Should Ask Before Approving Litigation AFA (part four)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.