Thrilled to share that we successfully navigated the #ABATECHSHOW startup competition right through to the final 15 where we had the opportunity to live pitch AltFee to a full house and take home first place! 🥇
Thank you to the @ABATECHSHOW and @bobambrogi for the opportunity!
Join us on May 14th at 9am PST/12pm EST as Scott Leigh and Brittany Hernandez (@Gavel_io) dig into how to implement flat fees to take advantage of your firm's efficiencies.
Thanks for hosting Andrew Zihmer!
Register 👉 https://t.co/zaKUwzmOAa
#AFAs#FixedFees#LegalPricing
Enjoyed our chat w/ @chad_main on his pod @TechnicallyLgl ! Check it out: Will This Legal Tech Startup Kill the Billable Hour and Bring Transparency to Legal Billing? (Scott & Digby Leigh - AltFee) https://t.co/0mtB8WgAgW
Next up is @AltFeeCo. Scott Leigh, cofounder and CEO, lawyer. AltFee enables firms to scale with alternative fee structures, by scoping the work they do and breaking it into projects.
“AI + Efficiency does not = billing by the hour.”
Moving to fixed fees this coming year. Excited to market this to clients. I know it will be big. A little nervous, implementation can be bumpy from my research and discussions with other lawyers who have made the switch. Working with @AltFeeCo to get the formula right.
✅scoping and pricing 602 client projects
✅increasing their realization rate from 93% to 108% 🤯
✅increasing their collection rate from 97% to 99.4% 💰
✅having 23 team members currently using the software
#AltFee#AFAs#alternativefeearrangements#legalpricing
We just hit a big milestone that we are really proud of... the first law firm to systemize their approach to AFA pricing with AltFee, @DigbyLeighCo, just hit its one year mark using our software. That includes a 5 month beta testing period in which we were still iterating...
...on our MVP and finding our groove, but all that considered they have accomplished incredible things in a one year period, including:
✅building 140 guidelines across 7 different practice areas 🔥
(88% of the guidelines built originated from AltFee's guideline database)
cont'd
Law firms have more incentive than ever before to move to alternative fee arrangements (AFAs) or #valuebasedpricing methods. @altfeeco can help which is why we're proud to have them as a #IconoclastsExpo22 sponsor 🙌. Discover more, https://t.co/1h6eFpHoQm
We’re so excited to join @goclio’s App Partner Program alongside a thriving ecosystem of innovative legaltech companies. Together, our partnership will help law firms optimize their pricing of legal services.
Learn more👇
https://t.co/6gDX7uiL0U
#GoClio#AltFee#AFAs
Law firms have more incentive than ever before to move to alternative fee arrangements (AFAs) or #valuebasedpricing methods. We've created the ultimate guide:
📝 A Guide to Value Based Pricing for the Legal Industry
https://t.co/MQXb3MmKlt
#AFA#lawfirmpricing#legalinnovation
Economic and social factors have been pushing the legal industry to rethink the way it handles pricing. Here are our Top 3 Law Firm Pricing Strategies to Implement in 2022: https://t.co/F3rtXfKpD4
#AFA#lawfirmpricing#legalinnovation#AltFee
Launch day is here! 🚀 🎉
The time is now to make AltFee the foundation of your law firm's Alternative Fee Arrangement system — confidently scope and price AFAs so you can practice law without having to charge by the hour.
#productlaunch#AltFee#AFAs