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How does an Alternative Fee Arrangement differ from traditional fee agreements?

Over 200 Jury Trials. Experience When It Matters Most.

An AFA is a fee agreement between RC and a client to provide an alternative to traditional hourly billing. An AFA can take the form of a contingency fee, fixed fee, value or success based fee or any other appropriate alternatives to a traditional hourly fee agreement that is appropriate. AFA’s are sometimes hybrid agreements where RC receives a percentage of its hourly rate, with the remainder contingent on the outcome of the matter. In that case, RC truly shares the risk because an unfavorable result means no further fees are paid. If, however, the outcome is positive, then RC is might be rewarded for standing shoulder to shoulder with you and receive a multiple of the fees it has at risk. In addition, AFA’s often cover multiple cases for a client.