We appreciate that legal services in the capital markets areas are expensive, and we make every effort to be efficient and productive without sacrificing quality. We are success oriented.
At the outset of each representation, a detailed written retainer contract is prepared and executed between the client and Fedders Securities Law. The contract sets out the scope of the services, hourly billing rates, the anticipated charges for the entire engagement, and any risk factors in the matter undertaken.
A modest retainer deposit is expected, and the amount is held in escrow until monthly charges are offset against the retainer balance or against the last statement. Any retainer balance remaining at the conclusion of the representation is promptly refunded. At regular intervals, the ongoing services are discussed with the client in order to remain within budget. Budget amendments are made at the clients authorization.
Attorney billing rates depend upon the nature of the engagement and the anticipate amount of time to be devoted to the matter.
ALTERNATIVE FEE ARRANGEMENTS
We realize that an hourly billing practice does not fit all clients’ needs. We are receptive to alternative fee arrangements such as (a) flat or fixed fees, (b) hourly billing plus contingency, (c) task based billing, (d) capped fees, and/or (e) volume discounts.
Alternative fee arrangements are difficult to establish under circumstances where the client is confronted with governmental investigations or litigation. The vagaries of the governmental processes and the uncertainties of litigation do not lend themselves to alternative fee arrangements.
Contingent fee arrangements are rare, but under the appropriate circumstances the firm is prepared to discuss any reasonable proposal.
