How are legal fees structured?

Our legal fees vary depending on the type of service required:

• Hourly rates: For ongoing advisory and litigation work.
• Fixed fees: For straightforward matters such as conveyancing or drafting contracts.
• Agreed Pricing: Also known as Value Pricing
• Retainer arrangements: For regular legal advice.

A retainer is an upfront payment made to secure a lawyer’s services. It is often used to cover initial costs and is usually deducted from the final bill.

The Agreed Pricing, also known as Value Pricing, is an arrangement in which a lawyer and a client agree on a price up front for the lawyer’s services in a matter. It is based on an agreed scope of services and the price is a fair reflection of the client’s perception of value.  It is also seen in productised services where a lawyer offers a defined scope of service for a publicly stated price. 

In non-litigious matters, some agreed pricing arrangements can include contingency fees – that is, the ultimate price is contingent on certain agreed goals and outcomes being met, for example a package of work being finished by a particular date or contract negotiations meeting certain goals.

The fixed fee involves an agreement between you and the law firm to set a fixed price for the provision of legal services. Fixed fee arrangements most often apply to legal matters where the work required to be undertaken is clearly defined and the process for undertaking the work is relatively certain. You know exactly how much you will be paying for legal services. You don’t have to worry about hourly rates or unexpected fees – everything is included in the fixed fee.

This allows you to budget more effectively and plan for the future, without having to worry about legal fees eating into your profits.

We provide clear and transparent fee estimates before commencing work.