AltFee

AltFee

Software Development

SaaS legal tech application designed to be the foundation of your law firm's alternative fee arrangement pricing system.

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About us

At AltFee, we empower law firms to thrive in an era of automation and efficiency. As the legal industry witnesses the transformational power of automation, billable hours may decrease, posing a challenge to profitability. AltFee enables law firms to navigate this shift with confidence. Unlike traditional billing methods, AltFee offers a forward-thinking approach to legal pricing. Our pricing software aligns your billing with the true value you provide to your clients, ensuring profitability even in the face of reduced billable hours. With our comprehensive pricing library and simplified AFA management, you can effortlessly adapt to the changing landscape of legal billing. AltFee is designed to enhance client relationships by offering transparent, value-based pricing that aligns perfectly with their expectations. Our platform also prioritizes employee experience and retention, making your firm an attractive workplace for legal professionals. In a world where automation can challenge revenue streams, AltFee empowers law firms to embrace efficiency while maintaining profitability. We are your ally in the age of automation, helping you price your services accurately, satisfy client demands, and thrive in the legal industry of today. Get in touch for a demo via our website below or by email at [email protected].

Website
http://www.altfeeco.com?utm_source=LI-page
Industry
Software Development
Company size
2-10 employees
Headquarters
Vancouver
Type
Privately Held
Specialties
legaltech, pricing, AFAs, alternative fee arrangements, Legal Innovation, fixed fees, flat fees, knowledge management, legal pricing, and non-hourly pricing

Products

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Pricing Software

There is a better way to practice law and it all starts with a fundamental shift from traditional hourly billing to a superior alternative fee strategy powered by AltFee. The needs of all the stakeholders in a legal services transaction have evolved dramatically, and yet the industry has struggled to adapt and keep pace. AltFee has identified the solution and built it: pricing software specifically designed to help law firms seamlessly implement an AFA system and break free from the traditional billable hour model. Features: -Break down a law firm's work into specific projects with factors that are common for those project types -Use those project guidelines to facilitate healthy scoping + pricing conversations with clients -Customize guidelines over time to ensure ongoing learnings are being incorporated into a firm's future scoping + pricing best practice -Collaborate with colleagues to price client projects with confidence -Maintain an indexable record of all priced projects

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Updates

  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    This was a fun one! Fast forward to the end of 2024 and thanks to our friends at Clio - Cloud-Based Legal Technology and their Legal Trends Report we have some powerful data points that further illustrate the ever-growing and staggering client demand for flat fees, the increased interest and rapid adoption of legal tech by law firms (namely AI), and the positive impact of alternative fees on collections: ✅ 71% of clients want to pay a flat fee ✅ Flat fee work has increased by 34% ✅ Firms billing with flat fees are nearly twice as likely to collect payment right away ✅ Law firms billing with flat fees are >5x more likely to get invoices out almost immediately #AFAs #LegalPricing #FlatFees #TheModernLawFirm

    View organization page for Technically Legal Podcast, graphic
    Technically Legal Podcast

    992 followers

    Is the Billable Hour Holding Legal Teams Back? In this Best of 2024 episode, we revisit our conversation with Scott Leigh and Digby C. Leigh, founders of AltFee—a legal tech startup tackling one of the industry’s biggest challenges: the billable hour. Despite decades of debate, the billable hour still dominates legal billing. Enter AltFee. The app helps legal professionals scope, price, and manage projects using alternative fee arrangements (AFAs), offering clients more transparency and value. Scott and Digby highlight why AFAs matter now more than ever: as AI reduces time spent on tasks, value-based pricing will become essential. AltFee provides a foundation for law firms to shift away from time-based billing, encouraging lawyers to focus on the actual value of their services—not just the clock. From scoping projects to auditing fees, this conversation explores the future of legal pricing and how AFAs can reshape client relationships for the better. If you’re curious about innovation in legal tech, or if you’re tired of the constraints of hourly billing, this episode is a must-listen. Listen now: https://lnkd.in/gtS4bCHy #LegalTech #Innovation #AFA

    Best of 2024: Can AltFee Kill the Billable Hour and Bring Transparency to Legal Billing? (Scott & Digby Leigh)

    Best of 2024: Can AltFee Kill the Billable Hour and Bring Transparency to Legal Billing? (Scott & Digby Leigh)

    tlpodcast.com

  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    🌟 AltFee by the Numbers - Milestone Alert! 🌟 We’re thrilled to celebrate some incredible achievements powered by AltFee's amazing community of modern law firms! Thanks to you, we’ve hit new milestones together: 👩💻 5000+ Projects Priced 💰 $15M+ Amount Priced 📂 3000+ Matters Created These numbers are more than just metrics—they represent hours saved, value delivered, and trust built through transparent and effective legal pricing. Thank you to all our users for embracing an improved way of pricing and setting the bar higher every day! Let’s keep pushing boundaries and driving positive change in the legal industry. 🚀 #LegalTech #Milestones #LegalInnovation #AltFee #AFAs

  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    Understanding the Power of Pricing Modifiers: The Impact of Project Urgency ⏱️ At AltFee, we’re all about empowering legal professionals to capture the true value of their services. One way we do this is through Modifiers—our value-based pricing considerations that let you adjust fees based on specific project factors. Today, let’s talk about a very common modifier: Project Urgency Did you know that when urgency is factored in, our customers price their work on average 5.15% higher? 📈 Urgent projects often require reshuffling schedules, allocating extra resources, or working under tighter deadlines—all of which add significant value to your client. By considering urgency as a pricing modifier, you ensure your fees accurately reflect the additional effort and value delivered. Ready to optimize your pricing strategy? Discover how AltFee’s Modifiers can help you maximize the value of your work. Learn more at www.altfeeco.com #ValueBasedPricing #AltFee #Modifiers #ProjectUrgency

    • AltFee - Project Urgency Modifier
  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    Brian Scherer + HeyCounsel a big thanks for hosting such a fun and engaging demo competition! We’re thrilled to have been named the runner-up overall and especially excited to win in the backoffice tool category 🏆. It was an amazing opportunity to show how AltFee helps legal professionals optimize their pricing process with ease. The level of innovation we saw across all the demos was inspiring, and it’s exciting to see how legal tech continues to push boundaries. Congratulations to Marveri on taking the top spot, and a shoutout to all the category winners! We loved the audience voting approach—it brought a real sense of honesty and transparency to the event, and we’re grateful for all of the feedback. Can’t wait for the next round! 👏 #legaltech #fixedfees #legalpricing

    View profile for Brian Scherer, graphic
    Brian Scherer

    HeyCounsel & Scale LLP

    We just hosted a demo competition for 16 different legaltech companies and allowed the audience to determine the winner. Here's how we did it, who won, and some reflections on the event... The Methodology: At the end of each presentation, we prompted the audience to vote on a 1-5 scale in three categories: (1) Innovation, (2) Ease of Use, (3) the Problem Statement (i.e. is there a real problem here?). Voting was anonymous. We determined the winner by averaging each company's scores and then summing these three averages to get a final score. The maximum final score was 15. Who won? The overall winner was Marveri with a final score of 13.36. The runner-up was AltFee with a score of 11.88. Given the final distribution of scores ranged from 13.36 to 9.30, this was quite a large winning margin between 1st and 2nd. We also had a few category specific winners: Commercial drafting category winner: ScreensAI Backoffice tool winner: AltFee Litigation tool winner: Goodfact AI research winner: GC AI Reflections: 1. I'm really happy we did audience voting... I think this led to a more honest outcome than having a small panel of judges doing the deciding. Bias is real, and legaltech is a small world. We all know each other. I'm glad we opted for more data here. It was also way more fun. 420 total votes were cast during the day. 2. Reflecting on the format a bit, I realized that packing all 16 demos into one day was too long, and audience fatigue began to set in on the afternoon session. This didn't seem to have any noticeable effect on average scores (i.e. the scores from demos in the morning and afternoon were pretty evenly distributed), but it did have an effect on participation rates (less audience members and less votes in the afternoon). That's not fair to the afternoon competitors... so it's something I'll reconsider next time. 3. Participation was incredible. The competitors came with their A-game and the energy was amazing. We also had a total audience count of 137... which is 54% of the 251 who signed up. For a midday event on a Thursday, that was amazing to see. 4. Voters didn't hold back. I attribute this to anonymity. When they didn't understand the product, or didn't see the value, they scored accordingly. We had a free-form field at the end where they could leave comments. Many did, with positive and negative feedback. 5. The best performing demos let their product do the talking. The time-to-aha! was short. Presenters were able to do this when the problem they were solving was obvious, so it didn't need much explaining. If you attended demo day, please chime in with your feedback. I'd love to hear how we could have done things better. Because we WILL be doing it again!

  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    ⏱️ The countdown is on! T-minus 5 days until #ClioCon 🤠 We can't wait to connect in person with the community of legal innovators that Clio - Cloud-Based Legal Technology does such an amazing job of cultivating each year. Come say 👋 at Booth #3 👇

    View profile for Scott Leigh, graphic
    Scott Leigh

    Co-Founder + CEO at AltFee

    We are less than a week out from Clio - Cloud-Based Legal Technology's annual ClioCon! The AltFee team is excited to be sponsoring again - if you're around make sure you drop by booth #3 to say hi! We can't wait to see our customers and many other familiar faces in person, on top of meeting a whole new wave of innovative legal professionals! #AltFee #AFAs #ClioCon

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  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    The Clio - Cloud-Based Legal Technology Cloud Conference is just over a week away! If you'll be attending in Austin, swing by our booth (#3), we'd love to connect in person to chat about how we can help future proof your firm's approach to pricing 🤠 #AltFee #LegalPricing #AFAs #LegalInnovation #AustinTX #LegalTech #ClioCon #ClioCon2024 #ClioCloudConference

  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗔𝗹𝘁𝗙𝗲𝗲 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗼𝗿 🧭 At AltFee, we’re committed to helping law firms succeed with modern, non-hourly pricing models that benefit firms, clients, and legal professionals alike. Through years of experience, we've developed key insights into transitioning firms from traditional hourly billing to optimized pricing systems, and we're excited to announce 𝗔𝗹𝘁𝗙𝗲𝗲 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗼𝗿—a blend of expert-led consulting and software integration to guide firms in adopting efficient, client-focused pricing. Learn more about how we can support your firm’s pricing here: https://lnkd.in/gWvhYtT9 #AltFee #AFAs #TheModernLawFirm

    • AltFee Navigator
  • View organization page for AltFee, graphic
    AltFee

    1,350 followers

    Law Firm Efficiency: How to Boost Your Performance and Profitability 🌟 Is your law firm ready to transform how it operates? Efficiency isn’t just a buzzword—it’s the key to thriving in today’s competitive legal landscape. Our newest blog post dives deep into practical strategies for boosting your firm's efficiency without sacrificing quality. Here’s a sneak peek of what you'll learn: 👨💻 Streamlined Processes: Discover how to optimize workflows and reduce time spent on administrative tasks. 📊 Data-Driven Decisions: Learn ways to leverage data to make smarter, faster decisions that boost firm performance. 🤖 Effective Technology Use: Learn about the tools that can help automate and enhance your practice. 📢 Client Communication: Improve client satisfaction with clearer, faster communication methods. Efficiency doesn’t just save time—it also sets the stage for implementing alternative fee arrangements (AFAs), giving your firm the ability to align pricing with the value delivered to clients. Don’t miss out on these insights! 👉 Read more: https://lnkd.in/g8Gc2djm Let’s talk about how your firm can apply these strategies! How are you currently tackling efficiency challenges? Drop your thoughts in the comments! 💬 #LegalTech #LawFirmEfficiency #AFAs #AltFee #LegalInnovation #NonHourlyBilling

    Law Firm Efficiency: How to Boost Your Performance and Profitability

    Law Firm Efficiency: How to Boost Your Performance and Profitability

    altfeeco.com

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