Managing Partner Tom Ajamie joins the InsideCounsel discussion among law firms concerning alternative fee arrangements.
"AFAs don’t have to be intimidating, they can be very simple. A simple budget—I’m still surprised how many in-house counsel don’t require a budget. Once you have one you can shop it among firms for the best deal. Another simple thing is to work on a contingency fee basis. The holdback—where law firms work at a reduced rate and get the holdback if they succeed—can also be simple. If you want to get creative, you can come up with all kinds of structures—but it’s not necessary. "
— Tom Ajamie, founder of Houston firm Ajamie LLP
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