In-house attorneys routinely receive, review and compare alternative fee arrangement proposals and nearly all law firms regularly submit them, but the parties often do not follow a disciplined approach in developing a realistic budget. In this series of six articles, we provide guidance to ensure that AFA proposals are meaningful and realistic to both the client and outside counsel. In this second article in the series, we discuss five questions that every client should ask the law firm before accepting an AFA proposal for a litigation matter.
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Originally published by Law360.
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