Consulting Fees

Fees quote are based on our recommended level of service, knowledge, experience, project / transaction complexity, and value of our services. Regardless of your firm's need(s), the complexity of its issue(s), or your time requirements, we can probably assist you. After discussing your concerns, we document our understanding of your issue(s), our suggested service(s), and our fee.

We then send you a detailed engagement letter for your review and approval. We believe in an open, up-front discussion of tasks, expectations, and fees/costs since we do not like surprises...for you or us.

We strives to develop and maintain outstanding client relations. We also strive to focus our energies on our clients' projects and firm needs. We can not maintain this focus if financial problems arise in the course of business. Client-consultant relations deteriorate if consultant's billings are past due or if there is some misunderstanding about consultant billings and payments.

In an effort to avoid such problems, openly presents its billing and payment policy. Consequently, both the client and our office understand from the outset, the business terms of the relationship. Upon acceptance of a project quote, our clients normally forward a specified deposit for fees and a 100% deposit of anticipated expenses.

This expense deposit is applied against direct project expenses. Depending on the project, one or two subsequent fee bills will be mailed at equal intervals between the project's commencement and conclusion based on the project plan accepted by the client and our office. Expenses in excess of the client's deposit are generally billed monthly or bimonthly, depending on the materiality of expenses incurred by our office.

Payments are expected upon receipt of each fee or expense billing. we do not carry accounts receivable for fees or expenses and discontinues work on a project if a client can not maintain a current account status. Of course in all cases we attempt to work with any client in resolving any payment problems.

The prudent business person will investigate the cost of legal
services just as he or she would carefully scrutinize estimates for
any other service. It is important to question and understand the
conventional fee structure used by attorneys, in order to
intelligently estimate a bill for legal services. There are five
basic types of fees:

*  Flat fees are charged for a standard service such as incorporation
of a small business, and bankruptcy.

*  Contingency fees are usually based on positive results in some
legal action such as loans, project funding, bill collection. A percentage of the amount recovered  or earnd becomes the attorney's fee.

*  Annual or monthly retainers are negotiated when an attorney agrees to perform all the legal work required by a corporation. This is used when the work is predictable and does not require extensive time away from the office. 

*  Hourly charges are frequently used for cases such as lawsuits and
estate planning.

*  Other fees that may be included in the charges are process service fees, investigations, court costs, travel expenses, long distance calls, expert testimony, medical reports, appraisals and out-of-pocket expenses. 

Different services are billed in different ways. A higher hourly rate
by an experienced lawyer can result in a lower charge than the bill
from a less expensive but inexperienced lawyer.  Charges are relative to the experience and legal knowledge of the members of a legal firm who may work on the case. They range from the highest fees for senior members of the firm, and decrease for the work of the associate attorney and the legal assistant. The lowest rates are assigned to the work of the paralegal staff who prepare routine documents under the supervision of a lawyer.

Fees can also be altered by the routine or special circumstances of
the case, as well as the unexpected results of preliminary procedures and the experience and legal knowledge required to complete the proceedings.

During the first consultation (the fee for which may be waived by the
attorney), the prospective client should collect enough information
to agree upon a billing method. Some ideas for discussion during this meeting might be:

*  If a retainer agreement is used, it should specify that, wherever
possible, routine work should be done at the appropriate staff level.
Final documents should be reviewed by the next qualified level of
attorney. 

*  If an associate is handling the case, the client should not be
billed for office conferences during which the inexperienced attorney
is instructed or has his or her work reviewed by a senior counsel. 

*  The client should request a clear explanation of travel and
waiting time rates and should not be billed at the same rate as
litigation proceedings. 

*  If hourly charges are selected, it is a wise precaution to place a
cap on the fee and to plan for a meeting to discuss a future course
of action and additional fees. 

*  How is research charged? If the research for this assignment is
used to educate the junior attorney, the expense should not be borne
by the client.  

*  How are overhead charges such as copies, messenger services,
overnight mail services charged to the client? While multiple copies
of necessary documents can be billed to a client account, single
house copies of a document should not be billed. Messenger and
overnight mail service charges should not accrue due to
procrastination on the part of the attorney, but rather as a result
of valid, emergency changes. 

*  How are overtime charges accrued? If the overtime services of the
law office staff are a direct result of proceedings in connection
with the client's interests, the overtime may be billed to the
client. However, if because of the volume of work, the lawyer
requires a secretary to clear up a backlog, the client should not be
billed for the secretary's overtime.  The invoice should state the
reason for the overtime and the nature of the work done during the
overtime period. 

*  How are document revisions charged? Since documents are frequently stored on word processors, small changes can be easily and quickly inserted without considerable expense to either the firm or the client. If extensive revisions are the result of valid discussions
between the two contracting parties, fees for such changes are valid. 

*  Experts suggest that to ensure that erroneous charges are not
included in the invoice, the client should initially request copies
of each letter or document for which the firm is billing. This allows
the client a framework for a discussion of a bill which is unclear or
seems unreasonably high. If the client has a copy of the lawyer's
actual work product, the lawyer will be more disposed to charge a
more reasonable fee, in breif.

                       TYPE OF FEES

1-DAILY RATE:

THIS TYPE OF FEE RATE IS USED AS THE BASIS FOR ESTIMATING COSTS FOR AN ENTIRE PROJECT OR CONSULTING ACTIVITY

2-HOURLY RATE:

THIS TYPE OF FEE RATE IS COMMON FEE STRUCTURE THAN A DAILY RATE

3-FIXED PRICE:

THIS TYPE OF FEE RATE ARRANGEMENT IS BASED ON ESTIMATES MADE BY OUR OFFICE PRIOR TO THE START OF A PARTICULAR PROJECT.

4-CONTINGENCY FEE:

THIS TYPE OF FEE RATE IS A FIXED PRICE FEE WHICH THE COMPANY AGREE TO PAY OUR OFFICE ONLY IF CRETIN RESULTS ARE ACHIEVED

5-RETAINER FEE:

THIS TYPE OF FEE RATE IS A FIXED-FREE ARRANGEMENT IN WHICH OUR OFFICE RECEIVES REGULAR PAYMENT ON A MONTHLY BASIS.

6-PERCENTAGE FEE:

THIS TYPE OF FEE RATE IS A MIX TYPE FEE FOR FINANCIAL TRANSACTIONS WHICH REQUIRES CONTACTING A THIRD PARTY, IT IS A FIXED FEE STRUCTER PLUS A PERCENTAGE FEE TO BE EARNED AT  CLOSING OF THE FINANCIAL TRANSACTIOBN, THE CLIENT WILL SIGN A SEPARATE IRREVOCABLE PAY ORDER  AGREEMENT/ CONTRACT PRIOR TO ANY LEGAL ENGAGEMENT.

 HAW WE DO CALCULATE THE FEES

 ACTUAL BILLING TIME & DAILY RATES CALCULATION

Direct labor cost	Based on annual salary	USD                   24,000.00
Indirect cost	(60%) overhead rate	USD                   14,400.00
	subtotal	USD                   38,400.00

Daily expenses	Subtotal divided 106/days	USD                       362.00
Profit estimate	(20%) of daily expenses	USD                       72.00
	Total daily rate	USD                      434.00

ACTUAL BILING RATES

Total daily rate		USD                  400.00
Total hourly rate		USD                      50.00
Total weekly rate	For Five working days	USD                  2,000.00

 Thank you for your kind attention