Law firm survey confirms desire for alternative fee arrangements

by Steve Randall23 May 2016
Law firm survey confirms desire for alternative fee arrangements
A survey of in-house counsel by international law firm Proskauer confirms clients’ desire for alternative fee arrangements. Forty-six per cent of respondents said they plan to increase their use of AFA’s while none expected their use to decrease.
The poll, largely focused on employment law, also revealed lean staffing for in-house teams; 48 per cent have 5 lawyers of fewer; 53 per cent had no dedicated employment lawyers at all.
Although a larger proportion of work is expected to be handled in-house (41 per cent said this), for litigation 74 per cent is handled by external counsel. The number one criteria for selecting outside help is responsiveness (65 per cent).
The use of outside law firms was expected to increase by 18 per cent of respondents while 14 per cent think it will decrease. However, 23 per cent expect a decrease in the number of law firms they will use.
 
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