Alternative Fee Arrangements
Competitive pricing and alternative billing solutions that will add value and benefit your business
Most businesses cannot afford to leave money on the table. Yet, this is exactly what many of them do, foregoing litigation due to concerns about the potentially high cost of traditional hourly billing.
Klingman Law, LLC offers an affordable alternative, allowing small businesses to enforce their rights or vigorously defend themselves against claims.
Just as the legal needs of your business are unique, so too should be the representation arrangement with your counsel.
Klingman Law, LLC is a strong proponent of alternative fee agreements. When properly designed, such arrangements reflect an overarching goal – aligning interests so that an attorney has “skin in the game” and ensuring that counsel shares in the risks and rewards of a legal dispute.
While some matters may justify a straight contingency agreement, in which all attorney fees are advanced and their payment is contingent on recovery, more often the most appropriate fee arrangement will be a flat fee or a fee cap with a success bonus or contingent component, or some other creative fee structure. Other, non-litigation work is likely better suited for a monthly retainer or a fixed project-based fee.
A particular situation may be suitable for traditional hourly billing, one of the alternative fee arrangements described above or some other agreement. Klingman Law, LLC will work with you to design a fee agreement that provides your business with legal services for fair compensation.