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

(332 Ratings)

Produced on: June 08, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 61 minutes
Difficulty Intermediate

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)

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

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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