Whether we are charging a fixed fee or billing by the hour, we abide by two simple principles:
- Always be fair and focus on adding value (not creating billable hours). We try to be as pragmatic and commercially minded as possible when structuring the economics with our clients so that we can build long term partnerships with them.
- Our goal is simple. Deliver work that is on-par with the most sophisticated firms in the country in a more cost-effective, responsive and pragmatic manner.
We are in the business of providing actionable and valuable legal advice; we are not in the business of generating more billable hours than you actually need.
Below are GrowthCounsel’s three most common billing arrangements. We believe in being completely transparent with our fee structures and strive to structure each engagement in a way that gets you the most value out of your legal spend.
For clients with consistent, ongoing legal and business needs, the GrowthCounsel GC Model tends to be the best fit. You gain a trusted advisor and we both develop a deeper, more valuable working relationship.
After coming up with an informed estimate of the number of hours you expect to require from us each month, we work backward (using our standard hourly rate and then discounting based on the total time commitment) to determine your monthly retainer. If it turns out that our actual time commitment is less or more than was estimated, the retainer is adjusted accordingly. If your needs change over time, we’re happy to sit down with you and discuss whether a different billing model would be more appropriate. Most of our GC engagements tend to be long-term.
We perform the majority of our projects on a fixed fee basis. Our clients love the certainty that comes with flat fee billing and we enjoy being put in a position to deliver the best work product possible without worrying about the meter running. Think of this as your “all-inclusive” legal destination.
Sometimes, hourly billing still makes the most sense (especially at the beginning of a relationship).
In special cases, we may also be able to offer deferred payments and/or equity-based engagements.