MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14
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<strong>20<strong>14</strong></strong> L<strong>AW</strong> FIRMS IN TRANSITIONAlternative Fees: Usage TrendsComparison by year:Use of alternative fee arrangementsYESNO<strong>20<strong>14</strong></strong> 91.9% 8.1%2013 96.2% 3.8%2012 94.1% 5.9%2011 95.0% 5.0%20<strong>10</strong> 94.5% 5.5%Comparison by year:Change <strong>in</strong> the amount of non-hourly bill<strong>in</strong>g <strong>in</strong> the prior year (measured as a percentageof revenue)NOT SURE DECREASE NO CHANGE INCREASE<strong>20<strong>14</strong></strong> 9.0% 5.2% 37.1% 48.7%2013 5.5% 2.7% 45.2% 46.6%2012 5.7% 1.4% 45.5% 47.4%2011 <strong>10</strong>.4% 1.8% 29.9% 57.9%An Altman Weil Flash Survey 31
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