How AFAs Benefit Our Clients
By using AFAs, our clients are better able to predict future costs as they budget the transaction cost. They also help our clients determine the overall value of a particular transaction by encouraging more discussion of what success looks like for that transaction.
AFAs also limit our clients’ overall cost exposure, allowing them to make important business decisions without worrying that a particular matter might become more complicated than predicted, and too expensive.
In tandem, flat fees will ease reporting requirements and transparency to management, boards, committees and shareholders.
Our practice groups represent clients of all sizes, from large companies to family office funds. To accommodate our clients and ensure that our flat fees accurately represent the predicted labor, our AFAs are fully customizable. By providing custom AFAs, we can ensure that our clients are not overpaying.
AFAs shift a portion of the cost risk and uncertainty to law firms, which encourages more strategic thinking and creative solutions for their clients. It also reduces the chances of disputes, since the most common catalyst for fee disputes are complaints about billable hours and/or inaccurate total cost predictions.
At Selborne Legal Consulting, we execute our work with the highest level of professionalism and accountability. We’re able to offer AFAs because we are confident in our teams’ ability to deliver creative and effective solutions at a cost that makes sense for our clients.