Alternative Fee Structures For Start-Up Companies
We recognize that today’s marketplace demands a variety of flexible fee schedules and, in appropriate cases, we offer the following alternate fee arrangements:
For high volume projects or representations we can negotiate a reduced hourly rate.
In appropriate circumstances, we will base our fee on a percentage of the amount received in a particular case. We can also set fees by combining fixed or hourly fees with a contingent fee.
We can assist you in planning for legal representation and establish a fixed monthly payment based on the year’s anticipated legal work. At year’s end, unspent funds can be returned or applied to subsequent work. We negotiate retainer fees for our Virtual General Counsel Services, and as appropriate in other cases.
We recognize that start-up and emerging companies are frequently “idea rich” and “cash poor.” Sometimes lack of funds may force them to forego legal representation at the most pivotal time in the life of their business. For these start-ups, we develop specifically tailored arrangements that may be a combination of hourly fees and deferred compensation. Because this fee flexibility for start-ups requires us, in effect, to invest in the business, our ability to do so depends upon our assessment of the risk involved, the other client matters currently undertaken by Vantage Legal, the business prospects of the venture, and an assessment of its management team.
At Vantage Legal, we are committed to working with you to structure creative and alternative fee arrangements that result in a win-win for all of us. Although we prefer to work on a project on a fixed-fee basis, we will charge by time if requested by you or when the project so dictates.
Contact Vantage Legal today to discuss how your company can benefit from our alternative fee structures.