FIXED FEES FOR SPECIFIED WORK
Flat fees further certainty in the client's budgeting. In addition to our special fixed-fee packages for startups, other matters are also occasionally appropriate for flat-rate billing. I offer fixed-rate billing for many services, including business transactions and business contracts that most corporate lawyers would not consider doing on a fixed-fee basis.
In exchange for a single, certain, fixed fee, all lawyer time is included for a specified transaction, contract, or other agreed upon task or matter. I can offer flat-rate billing to advise and represent you in connection with many common transactions and documents, including the following:
HYBRID FLAT/HOURLY & CAPPED HOURLY
Sometimes, it may be difficult to get a sense of the scope of work required for a matter. But, there still remains a desire to avoid purely hourly billing on the part of the client, while the lawyer feels a need to hedge against the risk of a flat fee set too low for a deal that may take on a life of its own.
In such a case, we may be able to set a flat fee that will apply to lawyer time incurred up to a specified number of hours. Normally, this would be a number which, if met and not exceeded, results in an effective discount to what would have resulted under a purely hourly rate billing model. If the matter requires time that exceeds that number of hours, the additional time incurred is billed hourly, but at a significant discount from the hourly rate.
Another hybrid approach appropriate for a matter that is complex and which may involve contentious negotiations or other uncertainties is to bill at an hourly rate, but to set a cap, so that your total fee will never be more than that cap. Because this necessarily entails some risk to the lawyer, it may include a premium.
For business owners, sole proprietors, and budding entrepreneurs not quite ready to formally retain a business attorney, I am working on an online document e-Store. It will include a library of simple, common business documents. Some will be downloadable for free, and others available for purchase. They will be fillable contract templates. Click here to visit the future home of the WLF Document e-Store for more details.