Legal departments are under continuing pressures to reduce costs, improve spend predictability, and increase the efficiency of their outside counsel. One way they are tackling these challenges is replacing conventional hourly billing with a variety of alternative fee arrangements (AFAs). This white paper discusses how a legal spend management solution can provide the foundation for a successful AFA strategy.
Learn how you can leverage a legal spend management system to:
Use historical data to effectively structure and negotiate AFAs
Automatically enforce AFAs
Evaluate the success of your already implemented AFAs