The legal services industry has come under increasing criticism in recent years for its lack of transparency on pricing. So much so that the Competition and Markets Authority has recommended that a more competitive process would lead to lower prices, higher quality and greater innovation. The root cause of this problem is that many traditional firms have done little to challenge the status quo and still predominantly operate in billable hours.
One of the core values of Grant Legal is to disrupt this traditional model by offering clients a range of fee options that might be tailored to each clients’ needs. Here are some of the options that we would be happy to discuss with you:
- My Legal Eagle – many businesses just don’t need a full-time in-house lawyer but know that they would benefit from their own external resource with an intimate knowledge and genuine interest in their business. The “My Legal Eagle” package is designed to offer clients a ‘Virtual General Counsel’ who they can turn to as and when they need it. This package provides you with a dedicated legal resource of 8 hours per month at a discounted rate for a minimum of 3 months. You can use this time in any way you wish and, if you don’t use that time in any month, you can roll a percentage of it forward into the subsequent month. £2,500 per month.
- My Legal Eagle Plus – again, we believe that the concept of a ‘Virtual General Counsel’ can be a cost-effective way of ensuring that your legal requirements are met. This package offers you 16 hours per month at an enhanced discounted rate. £4,750 per month.
- On Call – we understand that some clients only want to incur legal fees as and when they have to. This option is chargeable at our standard hourly charge-out rate. We can discuss this with you in person but lower overheads means that this rate is highly competitive in comparison to equivalent levels of expertise and experience available in the marketplace.
- Tailor Made – fixed fees, capped fees, fee estimates or advisory fees. We would be very happy to work with you to establish a bespoke fee structure that fits your legal needs and budget.
We never want our fees to be a barrier from helping you and we look forward to working with you to find a fee structure that provides you with flexibility and value without compromising on quality.