Pricing
Save up to 80% compared to law firm fees
With standard law firms charging in the multiple hundreds of dollars per hour, how can a fractional in-house counsel provide high-quality legal service at such reasonable prices? By eliminating or minimizing many of the elements that go in to making law firm fees so high, as shown here:
Law firm costs that lead to high fees ......are avoided with fractional counselPhysical infrastructure Works onsite at your locationInformation infrastructure Distributed across fractional clienteleFirm operating expenses Minimized, billed at 6% of base priceEstablishment and marketting of firm brand EliminatedLifestyle requirements of the human resources Distributed across fractional clienteleThese and similar savings allow me to offer contract pricing for fractional engagements that on an hour-for-hour basis is approximately 80% off the rate charged by law firms for lawyers at my level of experience.
Calculating your price
Finding the contract rate for your fractional counsel begins with a market-determined annual salary equivalent for the in-house lawyer you need.
To find your weekly cost for a fractional counsel engagement:
-choose the amount of fractional time you require (20, 40, 60 or 80%);
-multipy by the value for a full-time Contract-Year (see below) for a similar position; and
-divide by the number of contractable weeks (44).
To find the value of a Contract-Year:
Determine the base annual salary for a similar position (e.g. corporate counsel, $150,000), then add:Knowledge resources and continuing education (5%)Benefit replacement (15%)Vacation pay (4%)Professional Membership/E&O (5%)Administration (6%)=Contract-year ValueTo ensure the highest quality service, I will limit the size of my clientele to a maximum of five fractional units at a time. Minimum length of an engagement is 13 weeks.
Right now you can take advantage of introductory pricing -- 5% off the final price of the first engagement.
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