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
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Raconteur. (November 27, 2018). Leading barriers to alternative fee arrangements (AFAs) for law firms worldwide in 2018 [Graph]. In Statista. Retrieved November 21, 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 November 21, 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: November 21, 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 November 21, 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/
