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Alternative Fee Arrangements that Don't Run Afoul of the Ethical Rules Update

(2493 reviews)

Produced on June 08, 2017

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Course Information

Time 61 minutes
Difficulty Intermediate

Course Description

Practicing law is more competitive than ever and there are rumors that AI may be utilized for basic legal research and discovery. With the advent of technology and a lowered proclivity by clients to pay for time, law firms with traditional billing practices may find it difficult to compete. While blended rates can make the pain of exchanging time for money less painful, it may not go far enough. In some instances, attorneys may want to consider alternative billing arrangements. Join attorneys Rania Sedhom, Managing Partner and Ginger Mimier, Senior Associate of Sedhom Law Group, A Bespoke Law Firm as they illustrate the benefits of alternative fee arrangements (AFAs), ethical considerations in creating AFAs, and highlights from some successful alternative client relationships. The presentation explores the ever-increasing popularity of a still under-utilized approach to the practice of law. Learn how to create an AFA without running afoul of the ABA’s ethical rules. Distinctions or parallels (as applicable) from New York and Massachusetts  are also explored.

Learning Objectives:

  1. Grasp the legal and business framework for sustainable and profitable AFAs
  2. Discuss the ABA rules that govern alternative fee arrangements
  3. Distinguish and draw parallels for New York and Massachusetts ethical rules
  4. Understand the most important ingredients to ethical alternative billing arrangements
  5. Examine alternative fee arrangements through real world examples of success (and failures)

Credit Information

This course is pre-approved for CLE credit in the following states. If your state is not listed, contact support for more information on how to receive credit

Lawline reports attorney attendance in select states. View more about CLE reporting .

Faculty

Rania V. Sedhom

Sedhom Law Group, PLLC

Rania V. Sedhom, Managing Partner of the firm, is an attorney who provides practical and efficient solutions to complex problems. Rania has extraordinary interpersonal skills that allow her to forge win-win relationships across diverse organizations and cross-functional stakeholders. She is also a skilled legal and business commentator with appearances on national print and TV media, including L.A. Times, the Chicago Tribune, the Baltimore Sun, Forbes, Inc., Business Week, and CNN Money. 

 Rania is admitted to the Bars of the State of New York and New Jersey, the Eastern District of New York, the Southern District of New York, the District of New Jersey and the Third Circuit. Rania attended Syracuse University College of Law, where she was Editor of The Labor Lawyer and The Digest and served as Vice-Justice of the Phi Alpha Delta Law Fraternity. Prior to law school, Rania attended Columbia University where she majored in political science.



Ginger Mimier

Sedhom Law Group, PLLC

Ginger Mimier is a Senior Associate at Sedhom Law Group. Her practice focuses on intellectual property work, including trademark, trade secret, domain names, copyright, false advertising and patent litigation matters. She has a life-long interest in technology and love of art and fashion. Ginger spent years confronting data management issues in complex litigation discovery, leading to her emphasis on improving legal services delivery, specifically e-discovery management and knowledge management. This work is complemented by Ginger’s interest in information governance and data privacy, as well as her CIPP/US certification.


Ginger is admitted to the Bars of New York and Massachusetts, as well as the Southern and Eastern Districts of New York. Ginger has a J.D. from the University of Michigan Law School where she was an Articles Editor for the Journal of Law Reform. Her undergraduate degree is from the University of Wisconsin.




Reviews

JD
John D.

I learned a lot of new possibilities for alternative fee arrangements that I had not considered.

KO
Kenneth O.

Both speakers were both knowledgeable and entertaining. Great presentation.

HV
Hermon V.

great job by both.

PM
Patric M.

Loved these lawyers - great job!

RB
Randy B.

Great work.

RW
Rufus W.

Thoughtful and entertaining

MC
Michael C.

useful, practical information

JG
Joseph G.

Very good coverage.

ES
Elizabeth S.

This was fantastic! Entertaining and the presenters did a great job with the material.

DG
Daniel G.

great job

BS
Benjamin S.

Good session - thank you!

GL
Guy L.

Excellent course. Important whether you're a partner, associate or solo.

WF
Walter F.

Both presenters knowledgeable and did an excellent job. Materials were very well organized and useful. Thank you.

JW
Jeanne C. W.

The faculty was very energetic which was great!

KM
Khristine M.

The speakers worked well together.

DR
Demetri R.

Good discussion on fee arrangements

RK
Robert K.

Very good!

PO
Patrick O.

Nice pair of speakers. I learned a lot. Thanks!

LL
Lewis L.

Enjoyed the presenters

JB
James B.

Speakers provided solid information in a lively and thorough manner.

TL
Theodore L.

Two voices added value, close attention to practical details plus ethics rules.

TW
Thaddeus W.

Very good instructors.

DW
David W.

Excellent seminar. Informative. Great persenters. Important topic and warnings and information highlights regarding pitfalls or potential problems.

DH
Donald H.

Very interesting.

LS
Leonard S.

well presented as a team While substantive, the materials were presented in a easy going manner. great faculty

PA
Peter A.

Good variety of fee arrangements covered with illustrative examples.

PF
Peggy F.

Very Informative course.

FV
Frederic V.

nice program

RG
Robert G.

Great Presentation

LP
Luis P.

Very informative!

AM
Alan M.

Much more interesting than I thought it would be!

DC
Daniel C.

Nice logical class

HC
Howard C.

Possibly the best CLE presentation I have attended in years. The subject was very timely and relevant to my practice and the both speakers had an impressive grasp of the material.

JK
Jeffrey K.

Impressive handout

SP
shawn p.

very good content

RS
Robert S.

Great course

PM
Polly M.

speakers were great and personable...

JP
Jason P.

Great information

FK
Frederick K.

Helpful and effective program.

BM
Brook M.

Good presentation and explanation of options.

SK
Sandra K.

Good course.

JH
Joshua H.

Well run course.

RH
Ray H.

good info

SK
Scott K.

Great format.

JA
James A.

useful

SM
Stephane M.

Extremely engaging lecturers. Will be searching for more of their courses.

JJ
Joey J.

Informative

CK
Chris K.

Interesting situations talked about that I had not considered.

FH
Frederick H.

Excellent Presentation. Nice humor and glibness which added to the enjoyment of the class

LH
Lawrence H.

It was so refreshing for the presenter not to simply read her powerpoint but speak directly.

JH
John H.

Important material

MG
Mary E G.

Well-presented

JR
john a redmon r.

good program

RN
Richard S. N.

great --

TM
Thomas M.

Instructor was exceptional; the content was current and on point.

LT
Lurese T.

The speakers were very engaging for this complex and often dry topic.

PP
Paul P.

Thank you.

KK
Kenneth K.

great presentation

RL
robert l.

Lively and practical discussion!

DF
David F.

Excellent

JE
Jennifer E.

Fantastic

MA
Mattie A.

Excellent

RM
Robert M.

Good coverage of billing practices under ethics rules.

BK
Briana K.

This was definitely relevant to any attorney trying to create a practice.

HG
Henry G.

Excellent informative practical course.

CS
carlos s.

Swift and straight forward

EK
Erik K.

Good broad overview of alt fee ideas and tips on client management.

MF
michael f.

well informed. smooth presentation.

KR
Kenneth R.

They covered a lot of issues very efficiently. Good job!

AM
Annette M.

Very nice presentation.

AS
Allan S.

They covered a lot of material in a relatively short time.

MW
Merrick W.

Nice overview of factors to consider.

CH
Caroline H.

This was the best CLE I have taken on Lawline. Thank you.

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