Technically Legal - A Legal Technology and Innovation Podcast Best of 2024: Can AltFee Kill the Billable Hour and Bring Transparency to Legal Billing? (Scott & Digby Leigh)
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Dec 18, 2024 Scott and Digby Lee, co-founders of AltFee, revolutionize the legal billing landscape with their innovative app designed to replace the billable hour. They delve into the significance of alternative fee arrangements (AFAs), emphasizing the shift towards value-based pricing, especially in the age of AI. Their discussion touches on enhancing client relationships through transparency, the impact of COVID-19 on legal practices, and the integration of technology to streamline billing processes. A must-listen for anyone interested in the future of legal pricing!
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Dad's Influence
- Scott and Digby were inspired by their father's client-centric approach to legal services.
- He prioritized value and price certainty, influencing their development of AltFee.
Origin of AltFee
- The Leigh brothers' father instilled client-centric values and sought alternatives to hourly billing.
- COVID increased client demand for price certainty, motivating the creation of AltFee.
AltFee's Purpose
- AltFee helps law firms transition from hourly billing to alternative fee arrangements (AFAs).
- It assists with scoping, pricing, proposals, and auditing of AFAs.