As you may already know, Flex Discovery Solutions provides Flex Plans (alternative fee arrangements "AFA's") to our clients. While it is not uncommon for law firms to provide AFA's, it is quite revolutionary for an e-discovery provider to offer them.
Accoring to a new White Paper, written by the Manager, Global Litigation Client Relations at Fulbright & Jaworski L.L.P. “The bottom line is that many corporations are placing a great deal of pressure on law firms to cut costs and to be accurate in budgeting from the outset of a case. Law firms cannot afford to have their fees capped under an AFA while having open-ended obligations to their e-discovery services providers for myriad per-unit fees that are unknown at the beginning of litigation.”
The author, Thomas Strachan, Esq., comments "The good news is that there has been a shift in the supply and demand curves for e-discovery. While some of the established e-discovery providers have been slow to adapt to the changing market realities, other, newer providers are seizing the opportunity to create new business models for e-discovery. For example, Flex Discovery, headquartered in Houston, offers law firms advanced technology for processing e-discovery under a pricing model that gives firms the best of both worlds – low “all-in” fixed fees with an option to pay à la carte prices if that would result in lower e-discovery bills. While traditional vendors may resist the risk-sharing inherent in fixed fee e-discovery arrangements, they will have to meet the competitive challenge posed by these new entrants or face possible erosion of their customer base."
Read the entire White Paper at: http://flexdiscovery.com/downloads/changeslooming.pdf
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