As we approach ELM Amplify 2020, the ELM Solutions online user conference, we are highlighting a few of the informative and thought-provoking sessions that will be a part of this unique event. Keep checking back to the blog for more about what you can expect at ELM Amplify.
According to a recent survey by HBR consulting, on average, law departments only have alternative fee arrangements (AFAs) applied to 15 percent of their spend. This percentage is unchanged since 2016 and represents an opportunity for corporate legal and claims departments to do much more with AFAs as a legal operations tool. A relatively small number of organizations, however, have made major changes that decrease their dependence on the billable hour and put AFAs to work improving performance.
In our ELM Amplify session Meet the Companies that Are Walking the AFA Walk, you’ll hear from legal professionals who are on the forefront of using AFAs to share risk with the outside counsel firms that take on their matters. Among the questions they will address: How do you partner with your internal colleagues to institutionalize your use of AFAs? What tools are available to help you with AFA selection and management? How do you measure the success of your AFAs?
Join us to learn how to use AFAs to increase efficiency and achieve favorable outcomes for both your department and your law firms.