Alternative Fee Options
Alternative Fees are particularly suited to our commercial and construction clients. While the variations are many, here are a few examples of fee arrangements we offer:
Design, Bid, Build
We are experienced in claims, and have access to resources that enable us to supplement and enhance our expertise. Because of this we can accurately predict the legal effort needed to successfully prepare and win a commercial or construction claim. The concept is no different than preparing a detailed response to a request for proposal, or a placing a competitive bid on a project defined by plans, specifications and schedules. You do it for your clients and we will do it for you. We will review at our cost your information and gain an understanding of your specific needs, and armed with this we will provide either a lump sum bid on your entire case, or a lump sum bid on any phase.
We put our money where our mouth is. We commit to a defined scope of work and a hard price that incentivizes us to be efficient and successful, while providing you comfort in knowing the litigation plan up front and the maximum cost of litigation at any point in the proceedings.
Cost Plus
In this arrangement we perform our services on a monthly basis at our cost, while putting our profit on the line. Our anticipated profit will be provided to you up front, but the option of paying that profit depends on the results.
This model works well when your objectives or exposure may be uncertain or in flux. For example, often times a business is faced with potential but as yet unknown claims on an active project. It may be best to have a law firm engaged to analyze claims as they come in, and commit to pay an incentive in the form of a fee or percentage for successful resolution of the claims as they materialize and are resolved satisfactorily.
Incentive
In this fee arrangement we agree to compensation based upon achieving your objectives - whether a defined recovery or exposure, or resolution of claims within a given time period. In other words, if you win, we win; if you lose, we lose.
This model can be applied to virtually any claim that has a predictable beginning and end. Because this tends to be an all or nothing proposition, the incentives are steep and claims suitable to this arrangement are expected to be of significant import to the client.
Percentage of Recovery
While this method is typical of personal injury claims, it has a place in economic loss claims as well. We commit to take a percentage of the ultimate recovery - no more. The percentage can be a sliding scale to further incentivize. For example, a higher percentage of recovery can be allowed if we resolve the case within a certain period after the case is filed, or before a certain stage of the litigation.
Of course any of the above can be used alone or in combination. We are open to any and all AFA's, even if we've never thought of it before. We value client relationships, and are as committed to revolutionizing fee arrangements as we are to pursuing "Relentless Representation." If you interested in this level of commitment from your attorneys, please give us a call. We know we can make a difference.