bill on an hourly basis. These rates are based upon the attorney's
skill and experience and the nature and complexity of the legal matter.
Our attorney billing rates range from $175 to $350 per hour. Normally,
we require an advance deposit to be applied toward the monthly billings
until the client establishes a satisfactory payment "track record."
However, we recognize that
marketplace demands a variety of flexible fee schedules and, in
appropriate cases, we offer the following alternate fee arrangements:
- Fixed Fee.
transactional projects are appropriately undertaken for a
pre-negotiated fee. We can also set fees by combining a fixed fee plus
an hourly rate.
- Negotiated Rate. For high volume projects or
representations we can negotiate a reduced hourly rate.
- Contingent fee.
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.
- Retainer. We can assist a
company 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.
Alternatively, any remaining balance will then become due. We negotiate
retainer fees for our Virtual General
Counsel services, and as appropriate in other cases.
- Deferred Fee. Our experience with start-up
ventures has taught us that frequently entrepreneurs are "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 ALG,
the business prospects of the venture, and an assessment of its
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