The big buzz word in the legal industry these days is big data. It seems everywhere I turn people are citing enormous amounts of data. I believe in the power of numbers – and when used in the right context, at the right moment, numbers can tell a powerful story.
I’ve heard experts in the legal industry state that the usage of alternative fee arrangements (AFAs) has remained relatively flat, despite the buzz about the death of the billable hour. Yet I regularly talk to progressive leaders of legal departments and law firms who tell me about non-hourly work they are doing.