The practice of law has been evolving, albeit slowly. In the last decade, law firms have been distancing themselves from the billable hour, but is this a trend that is here to stay? As clients demand more value, certainty and transparency in fee structure, what options will the profession offer and at what pace?
In 2008, Valorem Law Group opened its doors with a vision of changing the legal landscape with the use of alternative fee arrangements (AFAs). Nearly ten years later, one of its founding partners will examine whether the vision was accurate or simply a hallucination, and what the next 10 years might bring.
Nicole Auerbach is a Founding Partner of Valorem Law Group, a boutique litigation firm known for its use of alternative fee arrangements (AFAs). Nicole handles commercial litigation matters in federal and state courts and in arbitrations across the country. Last month, she obtained a jury verdict of nearly $13.4 million after a 5 week federal court trial for her client who was wrongfully convicted of a crime he did not commit.
Nicole is a Fellow of the Litigation Counsel of America and of the College of Law Practice Management. She also founded and currently serves as the National Board Chair of the Coalition of Women’s Initiatives in Law and sits on the Advisory Board of the Institute for Inclusion in the Legal Profession.