Most law firms give lip service to being “cost-effective”. However, keeping costs down typically means that inexperienced attorneys do most of the actual work. Moreover, clients receiving discounted rates or special billing arrangements often take a backseat to clients paying a firm’s standard rates.
At GrowthCounsel, your legal work is handled by experienced corporate partners at rates that are comparable to what you would pay other law firms for the services of a recent law school graduate. Moreover, you’ll always be treated as a priority and receive the time and attention you deserve.
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. Unlike traditional firms, we don’t nickel and dime our clients. At the end of the day, we treat clients the way we want to be treated. By pricing our services fairly and providing real value, we know you’ll be a client for life.
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.