BOSTON, MA--(Marketwired - May 3, 2016) - Fish & Richardson announced today it has been named one of the best law firms in the country for developing and delivering alternative fee arrangements (AFAs) in BTI Consulting Group's annual BTI State of Alternative Fee Arrangements 2016. Fish was one of only 22 firms that corporate counsel find are the best at making AFAs a successful cost control tool with improved client focus, predictability in budgets, a more streamlined approach to the work, and double-digit savings. Fish was also the only intellectual property law firm to make the elite list.
According to the BTI report, the 22 law firms, which were named by legal decision makers at large companies with $1 billion or more in revenue in an "unprompted" survey, stood out for the following reasons:
The report went on to note that spending under AFAs surged to a record high, accounting for $21.1 billion of outside counsel spending in 2015. The AFA of choice is overwhelmingly the fixed fee, with three times as many clients preferring fixed fees over capped fees. According to BTI, fixed fees get to the heart of the matter -- a clear goal and an even clearer budget.
The BTI State of Alternative Fee Arrangements 2016 is based solely on in-depth telephone interviews with leading legal decision makers at large organizations with over $1 billion in revenue in more than 15 industry segments. The research is independent and unbiased -- no law firm or organization other than BTI sponsors this study.
Fish & Richardson is a global patent, intellectual property (IP) litigation, and commercial litigation law firm with more than 400 attorneys and technology specialists across the U.S. and Europe. Fish has been named the #1 patent litigation firm in the U.S. for 12 consecutive years and is one of the busiest post-grant firms, representing more petitioners at the PTAB than any other firm. Fish has been winning cases worth billions in controversy -- often by making new law -- for the most innovative clients and influential industry leaders since 1878. For more information, visit www.fr.com.
Contact Information:
Contact:
Amy Blumenthal
Blumenthal & Associates
617-879-1511
amyb@blumenthalpr.com
or
Kelly Largey
Fish & Richardson
800-818-5070
largey@fr.com