If you have been wondering where Alternative Fee Arrangements (AFAs) sit on the ladder of cost-saving for in-house counsel, wonder no more. This post [By-the-Hour Billing Torments Legal Departments. So Why Aren’t More Demanding Alternatives?] by Hugo Guzman on law.com yesterday (14/11/2023) will answer all your queries:

• 66% of respondents said they plan to bring more work in-house as a cost-control strategy
• 39% plan to shift work from big law firms to smaller ones,
• 33% plan to leverage the use of technology and AI.

And, drum-roll

• Expanding AFAs ranked fourth, at 28%.

Not sure how everyone else interprets that data, but it looks like a very sad state of affairs to me.

Feel free to reach out to me if you want to discuss what this might mean to your business or law firm.

rws_01