FIXED FEE
A fixed scope
A fee may be agreed for a clearly defined piece of work. Ask what is included, what is excluded and what happens if the scope changes.
FEES & FUNDING
Know the scope before you commit.
The work included, the basis of charging and any other costs should be clear before a matter begins.
FEE STRUCTURES
A clear basis for the work ahead.
The appropriate arrangement depends on the matter, the scope and the operating firm’s services.
HOURLY RATES
Time-based work
Charges may depend on the time spent and the people involved. Ask for the rates, a realistic estimate and how progress against it will be explained.
STAGED WORK
Work in stages
A matter may be divided into agreed stages, or ongoing advice may be supported by a retainer. Clarify the limits, review points and payment arrangements.
BEYOND THE HEADLINE FEE
Ask about the whole picture.
Other costs
Ask whether taxes, court or filing fees, expert input, searches, travel or other third-party costs are additional.
Changes in scope
Agree how extra work, new information or a changed timetable will affect the estimate and when approval will be requested.
Invoices and payments
Clarify when invoices will be sent, whether any payment is requested in advance and how billing questions can be raised.
Possible funding routes
Ask whether any existing insurance, employer or membership benefit, payment arrangement or public funding route may be relevant. Availability and eligibility vary.
QUESTIONS & ANSWERS