TABLE OF CONTENTS
Whether it be a merger or acquisition, a fundraising or a business restructure, the primary concern of clients engaging in such commercial transactions is that:
- they want the deal done;
- they want it done properly; and
- they want it done for a realistic price.
Our experienced commercial lawyers will ensure that the structure, management and control of your business provide you with an effective platform from which it can expand and prosper.
Whether it is a capital raising, joint venture or commercial contract negotiation, we offer experienced lawyers with commercial acumen and execution skills acquired over many years in commercial law, finance and commerce.
We also provide assistance in relation to regulatory compliance matters and have extensive experience dealing with regulators such as ASIC, ASX, APRA and ACCC.
We believe in offering our clients flexible and transparent pricing arrangements to suit their preferences and commercial imperatives.
Depending upon the matter, we can offer you the following pricing options:
1. Hourly rate pricing: this is the legal industry standard method of billing. The amount of time spent working on a matter is the amount that will be billed, irrespective of outcome or value to the client. This option works best where there is a relationship of trust in which the scope of work is difficult to accurately price.
2. Fixed fee: this is an arrangement for the completion of defined piece of work at a fixed cost. This option gives the client cost certainty in terms of cost. This type of pricing is most suitable for reasonably simple matters lacking any unpredictable variables (e.g. a conveyance).
3. Capped fee: a capped fee is similar to the hourly pricing arrangement except the client stops paying after a certain “cap”. This provides costs certainty to the client as they will know the maximum amount that they will be liable to pay, with the possibility of a lower amount being payable if the work is completed more efficiently than the cap allows. This arrangement is generally suitable for medium complexity work with a limited number of material variables.
4. Risk sharing arrangement: an arrangement whereby the law firm agrees to receive only a proportion of its professional fees billed with the balance payable on the successful conclusion of your matter. Disbursements are typically payable paid in full. This type of arrangement typically works well in complex large-scale litigation such as class actions.
5. Monthly retainer: this arrangement requires the client to pay a fixed amount every month in return for services which have a reasonably predictable steady flow. This is usually suitable for regular low complexity work with few to no variables.