Besides standard hourly billing LEGELATA is entering into legal risk-sharing arrangements with clients. These arrangements are designed to accommodate clients who are interested in a fee structure other than standard hourly billing. In return for investing some or all of our standard fees in the client matter, or for taking on unusual fee or collection risk, we earn an agreed upon fees based on a set of specified criteria. In these arrangements we share in both legal fee and legal outcome risk. Such arrangements are maintained in strict confidence.
Special Fee Arrangements are agreements between LEGELATA and the client to provide compensation to LEGELATA based on a structure other than hourly billing. Special fee arrangements can be hybrids in which LEGELATA receives a percentage of its hourly rate, with the remainder contingent on the outcome of the matter.
Our Special Fee Arrangements include pure contingent fee and partial contingent fee litigation matters, fixed fees in litigated and non-litigated matters. At LEGELATA we are prepared to discuss and pursue any reasonable risk-sharing fee structure that balances the relative investment and risk taken on by the Firm with the client’s objectives for success in the matter. Our Special Fee Arrangements are: