I do fractional GC work, but have gotten in pretty deep with one client. I log about 100 billable hours/month with them, but because I agreed to a total fee cap, I’m really only getting about 100-120/hr. It’s every bit a full time job, and it’s really wearing me out. What’s a reasonable rate?

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A reasonable rate is your normal hourly rate with a 10% - 20% discount given the number of hours. The point of the fee cap isn’t to allow them to get a full time GC at a significant discount—it’s to give them protection against an occasional very expensive month.

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I imagine they could hire someone for $250 or maybe less and abuse the shit out of them, so I wonder if that’s a reasonable target? A 20% discount on my best rate would still bring me in around $350k and I’d like to keep the business, its a nice block of time vs. multiple smaller clients…

It sounds like this customer is spending $144k/annum on you given the provided numbers, and you’re already taking a hit in billable rate. IMO the customer should hire full time legal and drop the fractional conceit.

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Gave my 2-week notice and Partner has asked me stay an extra 3 days to wrap up a project that I know will be a very long 3 days... I don’t really want to do it but also am afraid of burning bridge. I said yes to the Partner but now kind of regret it. This job has made me sacrifice my health and I don’t want to work those extra 3 days. I wonder what’s the best way to tell them.

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Hi All,
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Time for an actual work related confession lol. I have an inbox rule that moves anything from someone who isn’t in my contacts and contains terms that suggest free lunch to a specific folder. This has secured a decent number of meals for sitting in on webinars

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Forgive the basic question but can you contract around state statutes? For ex, customer wants to insert state contractor payment statutes and have that state law govern. I’m assuming the way around this is to have another more preferable state as choice of law?

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