---
title: Blog Articles | AltFee | Articles (5)
description: Articles | Our legal expertise is showcased in various blog articles and resource content. (5)
---

[Find your perfect AltFee pricing path: **Self-directed or Expert-led—We have your solutio****n  **](https://www.altfeeco.com/start-here-find-your-perfect-pricing-path-self-directed-or-expert-led)

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[Firm Size](https://www.altfeeco.com/resources/tag/articles/page/5#firm-size)

### 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)

### Large Firms

[![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)

[Resources](https://www.altfeeco.com/resources)

### 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)

### AFA Law Firms

[![law-firm-directory](https://www.altfeeco.com/hubfs/law-firm-directory.svg) **Law Firm Directory** Find legal providers worldwide offering non-hourly pricing options.](https://www.altfeeco.com/afa-law-firm-directory) [![AltFee_Modern-Pricing_Certified](https://www.altfeeco.com/hubfs/AltFee_Modern-Pricing_Certified_T.png) **Modern Pricing Certification** Recognizing innovative modern pricing law firms.](https://www.altfeeco.com/resources/modern-pricing-certified)

### 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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[Pricing](https://www.altfeeco.com/pricing)

[Firm Size](https://www.altfeeco.com/resources/tag/articles/page/5#firm-size)

### 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)

### Large Firms

[![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)

[Resources](https://www.altfeeco.com/resources)

### 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)

### AFA Law Firms

[![law-firm-directory](https://www.altfeeco.com/hubfs/law-firm-directory.svg) **Law Firm Directory** Find legal providers worldwide offering non-hourly pricing options.](https://www.altfeeco.com/afa-law-firm-directory) [![AltFee_Modern-Pricing_Certified](https://www.altfeeco.com/hubfs/AltFee_Modern-Pricing_Certified_T.png) **Modern Pricing Certification** Recognizing innovative modern pricing law firms.](https://www.altfeeco.com/resources/modern-pricing-certified)

### 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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#### Inspiration For Your Own AFA Journey

## Articles

The latest ideas and information on how to run a more efficient and profitable law firm. 

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## Featured Resources

December 8, 2023

Read it in 29 Minutes

### [Legal Software Explained: Tech, Benefits, & Impact](https://www.altfeeco.com/legal-software)

Gain insight into the legal technology market with our expert guide discussing the impact that legal software has had on the legal industry as a whole.

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[Articles](https://www.altfeeco.com/resources/tag/articles)

May 24, 2022

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### [A Complete Guide to Alternative Fee Arrangements](https://www.altfeeco.com/resources/alternative-fee-arrangements)

The billable hour has been hanging on for dear life in the legal industry for decades. But both lawyers and clients are starting to... 

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[Articles](https://www.altfeeco.com/resources/tag/articles)

September 6, 2022

Read it in 8 Minutes

### [18 Legal Technology Trends That Will Get You Ahead of the Curve](https://www.altfeeco.com/resources/legal-technology-trends)

These days, being a forward-thinking law firm is setting your business up for success. And yes, that contradicts the well-established...

![legal technology trends](https://www.altfeeco.com/hs-fs/hubfs/legal%20technology%20trends.jpg?width=1254&height=837&name=legal%20technology%20trends.jpg)

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May 31, 2022

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### [Everything You Need to Know About Law Firm Billing](https://www.altfeeco.com/resources/law-firm-billing)

Ah, billing. That magical time where you get to charge a client for the work that you did and...

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September 13, 2022

Read it in 7 Minutes

### [SaaS Law Technology Handbook \[Definition, Types, Benefits & More\]](https://www.altfeeco.com/resources/saas-law)

With the global legal tech market currently worth billions of dollars and continuing to grow, it’s no wonder that...

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### 6 Benefits of Law Firm Knowledge Management

 Law firm knowledge management has never been more important. Imagine being able to take a lawyer’s...

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<https://www.altfeeco.com/resources/billable-hours-law-firm>

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### Everything You Need to Know About Billable Hours Law Firm

 Abraham Lincoln once said, “A lawyer’s time and advice are his stock in trade”. And while ol’ Abe...

 June 21, 2022

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<https://www.altfeeco.com/resources/legal-software>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### Legal Software Overview \[Types, Challenges, Best Software & More\]

 Thinking about joining forward-thinking law firms by increasing your tech? You’re not alone. The...

 June 14, 2022

[![realization rate](https://www.altfeeco.com/hubfs/realization%20rate.jpg)](https://www.altfeeco.com/resources/realization-rate)

<https://www.altfeeco.com/resources/realization-rate>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### Realization Rate 101 For Law Firms

 Realization rate. Two words that often strike fear and anxiety in the hearts of legal professionals...

 June 7, 2022

[![](https://www.altfeeco.com/hubfs/afa.jpg)](https://www.altfeeco.com/resources/alternative-fee-arrangements)

<https://www.altfeeco.com/resources/alternative-fee-arrangements>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### A Complete Guide to Alternative Fee Arrangements

 The billable hour has been hanging on for dear life in the legal industry for decades. But both...

 May 24, 2022

[![cloud law firm](https://www.altfeeco.com/hubfs/cloud%20law%20firm.jpg)](https://www.altfeeco.com/resources/cloud-law-firm)

<https://www.altfeeco.com/resources/cloud-law-firm>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### Cloud Law Firm - Definition, Benefits & Best Practices

 Digital solutions were once the future, but now they are the present. For a brief period of time,...

 May 17, 2022

[![legal accounting](https://www.altfeeco.com/hubfs/legal%20accounting.jpg)](https://www.altfeeco.com/resources/legal-accounting)

<https://www.altfeeco.com/resources/legal-accounting>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### Top 5 Legal Accounting Software for Modern Law Firms

 Imagining what it was like managing a law firm’s finances before legal accounting software was...

 May 10, 2022

[![attorney client relation](https://www.altfeeco.com/hubfs/attorney%20client%20relation.jpg)](https://www.altfeeco.com/resources/attorney-client-relation)

<https://www.altfeeco.com/resources/attorney-client-relation>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### 5 Practical Tips to Improve Attorney Client Relation

 How do you show your clients that you’re committed to their success? You can tell them that you...

 April 29, 2022

[![value based pricing](https://www.altfeeco.com/hubfs/value%20based%20pricing.jpg)](https://www.altfeeco.com/resources/value-based-pricing)

<https://www.altfeeco.com/resources/value-based-pricing>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### A Guide to Value Based Pricing for the Legal Industry

 Change is normal for any industry. As economies, consumer habits, and world events shape our world,...

 April 22, 2022

[![law firm pricing](https://www.altfeeco.com/hubfs/law%20firm%20pricing.jpg)](https://www.altfeeco.com/resources/law-firm-pricing)

<https://www.altfeeco.com/resources/law-firm-pricing>

- [Articles](https://www.altfeeco.com/resources/tag/articles)

### Top 3 Law Firm Pricing Strategies to Implement in 2022

 Economic and social factors have been pushing the legal industry to rethink the way it handles...

 April 19, 2022

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#### The Pricing Playbook for Modern Law Firms

The legal industry is evolving—fast. Clients expect transparency, technology is reshaping workflows, and the billable hour is no longer cutting it. This modern pricing playbook equips law firms with a practical, hybrid strategy that blends time-based and value-based considerations. 

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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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