Bloomberg Law
June 11, 2021, 9:01 AM

ANALYSIS: Flat Fee Billing Is Firms’ Top AFA Model, Survey Says

Robert Brown
Robert Brown
Legal Analyst

Nearly all law firms still use the traditional billable hour. Nonetheless, 84% of law firms also offer alternative fee arrangements (AFA) to charge clients for their services. Bloomberg Law’s 2021 Legal Operations Survey shows that flat fee billing was the most widely used AFA among these law firms in the past year.

Flat Is All That

The survey shows that 71% of firms that perform work under AFAs use flat fee billing when servicing clients—far more than the next most popular choices, blended rates (48%) and retainer agreements (46%).

The use of flat fee billing may be less of a ...

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