Does anyone charge flat fees on certain projects (non-traditional flat fee areas of law)? If so, what types of projects and what amount? Pros v. Cons?

like
Posting as :
works at
You are currently posting as works at

Yes - I work in funds and for GP-work, there is no real reason not to charge flat fees for initial drafts of the docs.

like

100% of the work we do is flat fee, unless a client insists on hourly billing. Real estate/public finance. Very rarely does the firm lose money on these, and your realization rates are 100%. Sometimes post-closing work is a pain if all funds have been used

like

Most of my work is flat fee.

Pros: when you beat the budget, you get a windfall
Const: when you don't, you lose

like

Patent prosecution and trademark prosecution.

like

About 20-25% of the retainers I write (Land use and real estate) are flat fee with a clause saying anything out of scope is hourly. The associates I work with hate them because after about 15-20 hours of associate attorney work, the flat fee matters cost the firm more money than they make, and often times the matter isn’t resolved in those 15-20 hours.

like

Clients love flat fees. Small GP firm and I tell clients straight away what my fee is. They’d rather hear the cost of a legal service instead of the insane price I cost per hour. Not realizing they are the same 😭

like

Works best with long standing client where there are fewer surprises due to long term relationship. Some small projects for new clients can work out well also.

like

Related Posts

This years appraisal.

Post Photo
likesmartfunny

Any thoughts on Invisalign? Has anybody ever done it & were you satisfied with your results?

like

What are some good product based companies to work as Data Engineer?
Good in terms of learning, interesting work and good work culture.

like

How do you sign your emails? Close with �Best�? �regards�, etc.?

like

Any good certifications to pair with CISA? Besides cpa

like

Can anyone speak to the hours/wlb in Deloitte Consulting’s Operations Transformation group?

like

Anyone joining KPMG India on 6th June?

like

Hi folks, I am currently working in a product based Tata organisation. However, I want to switch to service based work and have been selected at Tech Mahindra as a Business consultant at U4 level. They are giving me 35% hike on my current salary. Not sure if this would be the right deal! Can someone throw some light on the consultancy wing of TechM and the work culture in here?!

Had a final round Friday that I think I did okay on and the recruiter asked if I had time to speak today. Feeling nervous because I’m feeling as though it could be a rejection. I know they had another candidate in the pipeline that hadn’t finished the process yet so I don’t think it’s an offer :/

like

Does anyone have experience recruiting for the Baltimore area? I am struggling to find good quality candidates that are punctual for their interviews and look sharp. Any suggestions?

Any recommended courses or books on customer care/cust success analytics or marketing analytics in general?

like

Best books about product management for a good exit to industry? I already have an MBA and PMP but looking for a refreshed perspective since it’s been years since my formal education.

Currently reading “Product Managements Sacred Seven” but it’s geared toward the startup world. I am in healthcare and not looking for a startup role. TIA!!!

like

Gonna take a leave of absence to travel around Southeast Asia for 2 months after 7yrs at EY. Any recommendations of what countries to see and must sees/dos? I want to take my time.

like

Anyone have a net worth/budget excel tracker they want to share?! : ) prefer not to use the apps.

like

I’m not liking these back to back deadlines 💔

like

How’s EY’s healthcare practice?

likefunny

How soon should I follow up after sending an application? I sent my files exactly a week ago through a portal (Edjoin for school jobs) and it says “District viewed”.

likehelpful

Would 85k base be in the Senior Manager territory? Or still in the Manager band?

like

Can we get a gaming laptop using the 1100$ reimbursement?

like

Additional Posts in Law

Trial in 1 month! Best things to snack on during lunch break?

like

Are there good exit opportunities for doing plaintiffs commercial lit and healthcare transactions? My end goal is in house

like

I am trying to create a list of matters for the last 3 years for a conflicts check (firm requires listing every single party involved) and it is QUITE the process. Any ideas on how to make it less burdensome?

like

Low on hours but brought in a client?

like

How does on lateral into big law? Is it worth it?

like

How many hours did everyone hit in their first year, your practice group, and requirement if any?

like

Any loopholes to prevent Westlaw from logging out every 5 minutes? That’s not enough time to get all my tears out before going back to my 20 Westlaw tabs

like

Investment Funds associate got offers from multiple firms in Boston and NY. Any groups that I should avoid?

like

2nd year associate working in employment law at a big firm. I think I might want to make a move into HR eventually. Has anyone done this? Is it tough to find job opportunities? How much firm experience should I get first?

like

I’ve been in house my entire career (6 years) and I am thinking about transferring to big law. I feel the experience would sharpen key skills and compensation wise would work out better. Has anyone made this transition before? Is it too late?

like

Does anyone have any insight into Johnson & Bell Ltd in Chicago? Culture? Pay?

likehelpful

Hi, everyone! I am extremely passionate about issues such as climate change and gun violence, and how money in politics leads to inaction and disinformation regarding these issues. Does anyone have any insight as to where I should be looking for employment opportunities? Practice areas, the type of organization, traditional vs. non-traditional law jobs? Any help or guidance would be appreciated. I really want to make a change. Thank you!

like

Summer Associate Programs: Should law schools have a summer semester and law firms do the summer program in the fall? Please discuss.

like

A question I’ve been asked recently by a friend: can your employer require you to get the Covid vaccine? I’m no employment law attorney...what are your all’s thoughts?

like

Does anyone else hate weekends? Like let’s pretend we don’t have work to do so we can please our family & kids but meanwhile our anxiety is brewing inside? I’m never more relieved than to sit on my computer on Monday morning.

likefunny

Anyone know what’s the deal with Polsinelli? Just trying to figure out whether they’re the right fit for me. I’m currently in a boutique IP firm. I work pretty hard but it’s obviously not Big Law.

like

I use ring central but people keep saying they're having trouble hearing me when I'm on my the mobile app. On the computer it's fine. Does anyone have suggestions? Any better service provider?

like

New Associate at small plaintiff’s employment law firm NYC If my goal is to work for a defense firm in the same field, how fast should I be going for the door? Or is it safe to stay and get exp first

likehelpful

Is there any PR issues incorporating/organizing a law firm in DE? If the principal place of business may be elsewhere? Attroneys are licensed in all states that they will practice in. No attroneys are licensed in DE.

like

Need insight into Butler, Weilhmuller, Katz, Craig, Tampa office. I have an interview for an attorney position and wanted to know billable requirements and office environment. What there WFH policy is if they have it. Any insight would be appreciated.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal