This statistic depicts the leading barriers to law firms adopting alternative fee arrangements (AFAs) worldwide in 2018. During the survey, 63 percent of respondents cited determining accurate or profitable pricing as a barrier.
Leading barriers to alternative fee arrangements (AFAs) for law firms worldwide in 2018
Characteristic
Share of respondents
Determining accurate or profitable pricing
63%
Estimating how much time and effort the work will require
60%
Clients introduce alternative fees simply to negotiate a discount
43%
Most clients are more comfortable with billable hours
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Raconteur. (November 27, 2018). Leading barriers to alternative fee arrangements (AFAs) for law firms worldwide in 2018 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/952359/law-firms-leading-barriers-to-afas-worldwide/
Raconteur. "Leading barriers to alternative fee arrangements (AFAs) for law firms worldwide in 2018." Chart. November 27, 2018. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/952359/law-firms-leading-barriers-to-afas-worldwide/
Raconteur. (2018). Leading barriers to alternative fee arrangements (AFAs) for law firms worldwide in 2018. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/952359/law-firms-leading-barriers-to-afas-worldwide/
Raconteur. "Leading Barriers to Alternative Fee Arrangements (Afas) for Law Firms Worldwide in 2018." Statista, Statista Inc., 27 Nov 2018, https://www.statista.com/statistics/952359/law-firms-leading-barriers-to-afas-worldwide/
Raconteur, Leading barriers to alternative fee arrangements (AFAs) for law firms worldwide in 2018 Statista, https://www.statista.com/statistics/952359/law-firms-leading-barriers-to-afas-worldwide/ (last visited September 01, 2024)
Leading barriers to alternative fee arrangements (AFAs) for law firms worldwide in 2018 [Graph], Raconteur, November 27, 2018. [Online]. Available: https://www.statista.com/statistics/952359/law-firms-leading-barriers-to-afas-worldwide/
