A recent ALM survey confirms LegalEye’s Consulting practice experience regarding the slow adoption of AFAs. We find that there is much more rhetoric about AFAs than action. The exception is with insurance carriers, who have been at the forefront of AFA adoption for the past few years.
Both sides struggle with many aspects of managing the shifting of risk from client to firm, and one such area is budgeting. Here is a link to an article I co-authored on Budgeting for AFAs Under Complex Matters for Litigation Management Magazine (Summer 2012). I hope you find it informative.