How to Effectively Use AltFee's Guidelines
Guidelines 101: How to Effectively Use AltFee's Guidelines
AltFee's guidelines provide a powerful toolset to help legal professionals streamline their practice, enhance collaboration, and deliver exceptional value to clients. In this comprehensive breakdown, we will explore the features and functionality of AltFee's guidelines using the example of drafting a shareholders agreement guideline.
Step 1: Understand the Purpose
- Guidelines provide structure and guidance for legal professionals.
- AltFee's platform offers a shareholders agreement guideline as an example.
Step 2: Familiarize Yourself with Pricing Factors
- Pricing factors contribute to project complexity and value.
- The shareholder's agreement guideline includes a base fee and various factors affecting pricing.
Step 3: Updating and Managing Factors
- Update factors in real-time on AltFee's platform.
- Adjust factor names and dollar amounts during client conversations.
- Customize factors using the three-dot button (e.g., changing factor type).
- Delete factors if needed.
Step 4: Adding New Factors
- Identify new factors as project details emerge.
- Click on the appropriate option to add a new factor.
- Provide a name and type for the new factor.
Step 5: Managing Descriptions of Services
- Refine and update language in the descriptions of services section.
- Edit descriptions inline or use the three-dot option to make changes or delete existing descriptions.
- Add new descriptions at the bottom of the section.
Step 6: Utilizing Additional Information
- Find practice area and category details in the right-hand column.
- Assign multiple owners to a guideline for collaborative editing.
- Facilitate collaboration and flexibility within your team.
Step 7: Exploring Analytics
- Gain insights from AltFee's analytics on pricing history.
- Review similar project frequency, recent pricing trends, average fees, and experienced team members.
- Make informed decisions and collaborate effectively.
Step 8: Sharing Insights
- Share knowledge and insights within your firm using AltFee's platform.
- Share best practices, recommended fee types, and valuable client questions.
- Foster accuracy, confidence, and success within your team.
Step 9: Accessing History
- Use the history section to revisit past activities and changes.
- Review previous factors, modifications, and learnings.
Step 10: Additional Functionality
- Remove guidelines from your bookmarks.
- Edit guideline details (e.g., name, practice area, category).
- Start a new matter and create a project with the shareholders agreement guideline as the initial focus.
Congratulations! You have successfully navigated and utilized AltFee's Guideline features.