We understand that investors, business owners, buyers and
sellers must regularly negotiate varying risks and
uncertainty as a part of their business strategy.
As
your legal counsel, our goal is to provide you with expert
industry-specific legal advice which will help execute
your strategy. To that end, we offer flexible alternative
fee agreements (AFAs) to help you reduce risk and
uncertainty while putting you in the best position to
succeed.
AFAs are fee structure alternatives to
the typical hourly billing fee agreements that most law
firms provide. Our AFAs can be customized to fit each
client’s needs and goals. We offer fixed-fee pricing for
business formations, fund and syndication formations,
investments, and Civil Litigation transactions.
Clients pay a flat fee for each matter or series of
matters.
Clients pay a flat fee for each particular stage or stages
of a matter.
Under this structure, we will bill hourly for each stage or
matter, but we will not bill above the cap agreed upon.
Clients pay at the conclusion of the transaction only if the
outcome is a success. For each transaction, the term
“success” will be defined in advance. Clients do not make
any payment if the matter falls short of success.
Under this fee structure, clients and Selborne Legal
Consulting agree in writing what the anticipated value of
the representation is after considering the client’s
objectives and before rendering any services. The flat fee
will reflect that valuation.
By using AFAs, our clients are better able to predict future costs
as they budget the transaction cost. They also help our clients
determine the overall value of a particular transaction by
encouraging more discussion of what success looks like for that
transaction.
AFAs also limit our clients’ overall cost
exposure, allowing them to make important business decisions
without worrying that a particular matter might become more
complicated than predicted, and too expensive.
In
tandem, flat fees will ease reporting requirements and
transparency to management, boards, committees and
shareholders.
Our practice groups represent clients of all sizes, from large
companies to family office funds. To accommodate our clients and
ensure that our flat fees accurately represent the predicted
labor, our AFAs are fully customizable. By providing custom AFAs,
we can ensure that our clients are not overpaying.
AFAs shift a portion of the cost risk and uncertainty to law
firms, which encourages more strategic thinking and creative
solutions for their clients. It also reduces the chances of
disputes, since the most common catalyst for fee disputes are
complaints about billable hours and/or inaccurate total cost
predictions.
At Thomas and luna Law Firm, we execute
our work with the highest level of professionalism and
accountability. We’re able to offer AFAs because we are confident
in our teams’ ability to deliver creative and effective solutions
at a cost that makes sense for our clients.
A law firm focused on providing transaction services. We work with sophisticated clients, helping guide them through complex transactions.
