---
title: Legally Speaking Podcast Featuring Scott Leigh
description: "Fixed Fee Future: AI’s Role in Legal Efficiency and Pricing Innovation"
image: https://www.altfeeco.com/hubfs/image4.jpg
---

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### Solo Practitioner

[![mega-menu-thumb01](https://www.altfeeco.com/hubfs/mega-menu-thumb01.png) **Solo Practitioner** Whether your practice is just getting off the ground or in the process of growing, AltFee has pricing solutions for you. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/solo-practitioners)

### Small to Mid-Size

[![mega-menu-thumb02](https://www.altfeeco.com/hubfs/mega-menu-thumb02.png) **Small + Mid-Size** Scope, manage, and collaborate on pricing for all your projects with one comprehensive tool. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/small-mid-firms)

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[![mega-menu-thumb03](https://www.altfeeco.com/hubfs/mega-menu-thumb03.png) **Large Firms** Get the all-in-one pricing tool that allows you to scope, manage, and collaborate on your large firm’s AFAs. Learn More ![](https://www.altfeeco.com/hubfs/learn-more-arrow.png)](https://www.altfeeco.com/firm-size/large-firms)

The Future of Pricing in the Legal Industry: Embracing AI + Efficiency

[AI Whitepaper](https://www.altfeeco.com/get-your-free-ai-whitepaper) ![ai-whitepaper-banner](https://www.altfeeco.com/hubfs/ai-whitepaper-banner.png)

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### Resources

[![articles](https://www.altfeeco.com/hubfs/articles.svg) **Articles** Articles to inspire you on your AFA journey.](https://www.altfeeco.com/resources/tag/articles) [![webinars](https://www.altfeeco.com/hubfs/webinars.svg) **Webinars** On-demand and live events, CLE/CPD webinars, interactive workshops, and more.](https://www.altfeeco.com/resources/tag/webinars) [![podcasts](https://www.altfeeco.com/hubfs/podcasts.svg) **Podcasts** Helping legal professionals receive timely and actionable advice on AFAs in a convenient audio format.](https://www.altfeeco.com/resources/tag/podcasts) [![case-studies](https://www.altfeeco.com/hubfs/case-studies.svg) **Case Studies** How AltFee is helping law firms across the globe.](https://www.altfeeco.com/resources/tag/case-studies)

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### Tools

[![roi-calculator](https://www.altfeeco.com/hubfs/roi-calculator.svg) **ROI Calculator** See your single matter and annual revenue impact with AFA's.](https://www.altfeeco.com/roi-calculator)

The Pricing Playbook for Modern Law Firms

[Free Playbook](https://www.altfeeco.com/get-your-free-pricing-playbook) ![The Pricing_Playbook](https://www.altfeeco.com/hubfs/Stock%20Images/istockphoto-894315018-612x612-1.jpeg)

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- [Podcasts](https://www.altfeeco.com/resources/tag/podcasts)

# Legally Speaking Podcast Featuring Scott Leigh

Discover how AltFee is revolutionizing legal services pricing with non-hourly, transparent fee arrangements that benefit both law firms and their clients.

- By AltFee
- June 12, 2024

- [Resources](https://www.altfeeco.com/resources)
- Legally Speaking Podcast Featuring Scott Leigh

![E14 Banner](https://www.altfeeco.com/hs-fs/hubfs/E14%20Banner.png?width=1640&height=924&name=E14%20Banner.png)

In the [latest episode](https://legallyspeakingpodcast.com/fixed-fee-future-ais-role-in-legal-efficiency-and-pricing-innovation-scott-leigh-s8e14/) of the Legally Speaking Podcast, our Co-Founder and CEO, [Scott Leigh](https://www.linkedin.com/in/scott-d-leigh/), joins [Robert Hanna](https://www.linkedin.com/in/hannarobert/) to explore the transformative potential of non-hourly pricing and alternative fee arrangements (AFAs) for law firms. Scott discusses how these innovative pricing models can benefit both law firms and their clients by creating transparent, predictable, and fair pricing structures.

Why it's worth the listen:

You can hear Rob and Scott discussing:

- How to create transparent pricing
- Working with Clio
- Scott’s professional background
- The ABA TECHSHOW
- Ai’s impact on legal services pricing 

 

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#### Pricing a Single Matter

Select a typical matter: Company Incorporation Will Shareholders Agreement Trademark Registration M&A Share Sale Employment Agreement Review Contested Divorce Civil Litigation Commercial Property Sale

##### Without AltFee (Hourly)

Number of hours to complete matter

Average blended hourly rate

$

Average revenue collected

75% is industry average (taking into consideration both billing realization rate & collection rate)

%

##### With AltFee

Expected revenue increase using AltFee

%

Expected collection rate using AltFee

Percentage of your billed fees which are actually collected

%

##### Totals

Amount recorded for the matter

= total number of hours to complete matter x average blended hourly rate

#### $ 1750

Net amount earned by law firm

= amount recorded for the matter x average revenue collected

#### $ 1313

##### AltFee Impacted Totals

Amount billed to client

#### $ 2100(+ $345)

Net amount earned by law firm

#### $ 2058 (+ $745)

#### AltFee Annual Impact

##### Firm-Wide AltFee Impact

Number of billing individuals in firm

Estimated number of AltFee priced matters  
(per individual, annually)

##### Annual revenue increase to firm

#### + $186,375

Note: This calculator is for illustrative purposes only

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