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
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>20<strong>14</strong></strong> L<strong>AW</strong> FIRMS IN TRANSITIONAlternative Fees: Profitability TrendsComparison by year:Profitability of non-hourly vs. hourly projectsNot sureLessprofitableAsprofitableMoreprofitable<strong>20<strong>14</strong></strong> <strong>14</strong>.0% 29.9% 40.2% 15.9%2013 <strong>14</strong>.2% 30.1% 39.7% 16.0%2012 17.4% 28.5% 40.1% <strong>14</strong>.0%2011 19.8% 32.0% 36.5% 11.7%20<strong>10</strong> 26.3% 23.9% 38.5% 11.2%Overall, s<strong>in</strong>ce 20<strong>10</strong>, firms have madelittle progress on mak<strong>in</strong>g non-hourlyprojects more profitable than thosebilled at an hourly rate.Comparison by year:Profitability of non-hourly vs. hourly projects <strong>in</strong> proactive firmsNot sureLessprofitableAsprofitableMoreprofitable<strong>20<strong>14</strong></strong> 13.2% <strong>14</strong>.5% 40.8% 31.6%2013 7.4% 13.2% 55.9% 23.5%2012 8.7% 15.9% 49.3% 26.1%2011 16.9% 12.7% 50.7% 19.7%20<strong>10</strong> 23.3% <strong>14</strong>.0% 45.3% 17.4%The likelihood that non-hourly projectswill be more profitable than hourlyprojects <strong>in</strong> firms that are proactive <strong>in</strong>their use of AFAs has nearly doubleds<strong>in</strong>ce 20<strong>10</strong>.An Altman Weil Flash Survey 34
Change language