AI Pricing Advisor 101: How to Effectively Use AltFee’s AI Pricing Advisor
AltFee’s AI Pricing Advisor provides structured, strategic guidance to help firms think more clearly about pricing decisions inside the AltFee platform. Below is a step-by-step overview to help you get the most value from it.
Understand the Purpose
The AI Pricing Advisor combines modern pricing expertise with in-app guidance to help firms move beyond hourly billing and succeed with flat and value-based pricing—directly inside AltFee.
The Advisor is designed to:
- Reinforce AltFee’s pricing principles
- Help you think through complexity and scope
- Suggest considerations you may not have identified
- Support internal pricing discussions
- Improve consistency across your firm
It is a strategic support tool — not a replacement for professional judgment.
The Set Up
The AI Pricing Advisor is available directly within your AltFee account. To access it:
- Click the orange message bubble in the bottom right corner of your screen:
- Use the grey circle with the arrow pointing to the right to enter your email address:
Entering your email ensures you can access your past conversations and avoid session limitations.
What the AI Pricing Advisor Does Do
The AI Pricing Advisor can:
- Provide guidance based on AltFee’s pricing framework
- Analyze your matter analytics from a screenshot and make suggestions
- Suggest pricing factors you may want to consider
- Help identify complexity drivers
- Offer strategic prompts to clarify scope
- Reinforce best practices in alternative fee arrangements
- Help you think through value positioning with clients
It draws on AltFee’s structured knowledge base and pricing expertise to provide consistent, principle-based guidance.
What the AI Pricing Advisor Does Not Do
To use the tool effectively, it’s important to understand its boundaries. The AI Pricing Advisor does not:
- Access your client matter data stored in AltFee
- Automatically analyze your internal pricing history
- Replace your firm’s professional judgment
- Guarantee financial outcomes or realization rates
- Provide legal advice
- Make decisions on your behalf
The Advisor responds only to the information you provide.
How to Get the Best Results
The quality of your input directly impacts the quality of the output you receive. For more helpful outputs:
- Be specific about the matter type and scope
- Identify known complexities and factors (e.g., number of parties, urgency, regulatory considerations)
- Share constraints (budget expectations, timeline pressures, client sensitivities)
- Ask follow-up questions to refine the guidance
The more context you provide, the more tailored and practical the response will be.
This AI advisor provides general guidance based on AltFee’s pricing principles. It may not reflect all facts or legal requirements and is not legal advice. Do not share confidential client information and use your professional judgment before acting.
Congratulations! You have successfully navigated and utilized AltFee's AI Pricing Advisor features.