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Value-Driven Rates for Our International Arbitration Legal Services
Our innovative law practice allows us to offer the highest quality of legal services combined with extremely competitive value, two features rarely found in a single law firm. We are confident that we can offer you unmatched experience-to-cost value.
In addition to the unparalleled value of our hourly rates, we take a proactive, conscientious approach to cost management. We carefully steward your litigation resources and avoid common industry practices that lead to higher costs.
Managing your litigation resources also means judicious staffing and careful consideration as to the need for third party consultants (local co-counsel, experts, etc.) to assist with your dispute. Our goal is to achieve excellence in rendering legal services to you, without the bloat and excessive charges so common with larger law firms.
Alternative Fee Arrangements (AFA’s): Partnering With You to Share Your Litigation Risks
Beyond our highly competitive fee rates, Chang Law is an industry leader in providing innovative alternatives to the hourly billable fee structure. The commercial reality is that the traditional hourly fee structure does not fit every client or every situation. Alternative Fee Arrangements, or AFA’s, are designed to accommodate clients who seek innovative solutions to fit their particular business needs.
AFA’s allow us to partner with you, and share in both the legal fees and outcome of your case. Sharing in your legal risks means we invest some, or all, of our fees in your case; in return, we earn a specified fee based on agreed set of criteria. A well-structured AFA aligns our incentives with you, and balances the investment and shared risk taken on by us with your business objectives for success in the matter. We will always keep AFA agreements in strict confidence.
We encourage you to challenge us to provide you with an innovative alternative fee arrangement that will suit your particular legal issue and your specific business needs. Below, you will find some useful information about different types of AFA’s.
What are Alternative Fee Arrangements?
AFA’s are legal fees based on a fee structure other than the standard hourly bill. While we discuss several common examples below it is important to note that this is not an exhaustive list. AFA’s can be customized and structured to fit your unique, specific dispute and business needs.
Why Should You Seek an Alternative Fee Arrangement?
AFA’s are not appropriate for every case. In order for an AFA to work, it must be a win-win for both parties. This said, a well-structured AFA holds substantial benefits for clients. Some of these benefits include:
- Sharing in the fee risk and the outcome of the case reduces the dispute risk to you, and aligns our incentive with your business goals.
- If you are an individual, a small business or a startup with limited financial resources, AFA’s can allow you to pursue a vital arbitration claim that you otherwise could not afford. If you are a cash-strapped Respondent defending an arbitration dispute, an AFA allows you to retain high-caliber counsel, rather than having to resort to an inexpensive, but possibly less qualified law firm.
- With certain AFA’s, such as flat fees, your business can benefit from predictable budgeting and cash flow.