What Do Lawyers Charge for Contract Review?
Legal fees for contract review can vary based on a number of factors. Most contract review projects handled on the ContractsCounsel platform are between $250-$600 on a flat fee since lawyers will spend 2-3 hours of their time.
It is worth noting that there are not published pricing lists for legal services, so legal fee information is largely unknown for consumers. However, you can find 250 popular contract review projects with the average legal fees below in this article.
Some considerations on factors that impact legal fees are below:
- Type of Contract. The type of contract can impact the legal fees to review it. Some contracts are more complex or longer than other contracts, which requires more time from lawyers.
- Length of Contract. Given lawyers bill time, the length of the contract will factor into legal fees. For example, a contract that is 8 pages long will have lower legal fees than a 50 page contract.
- Location of Lawyer. Lawyers located in major markets (i.e., New York City, San Francisco, etc.) will typically have higher billing rates than lawyers in mid-markets (i.e., Orlando, Memphis, etc.).
- Complexity of Terms. If the contract is complex and filled with complicated terms, it may require the lawyer more time to review it bringing the legal fees higher.
- Services Required. Depending on what you need the lawyer to do, the legal fees can change. For example, you may want the lawyer to simply review the contract and have a call to explain the terms. Other clients may require a full redlining of the contract and help with negotiation.
- Lawyer's Bandwidth. If a lawyer is busy with client work, they may charge a premium to work on your matter. On the flip side, if a lawyer is not busy, you may be able to negotiate a better deal since they would rather fill their unbilled time with billable work.
Different Ways Lawyers Charge Clients
Lawyers charge their clients a variety of ways to review a contract and it will depend on the project details itself. Some clients may want the lawyer to review the contract and set up a phone call to discuss it. Other clients may require the lawyer to review and suggest edits through redlines, which will require more of the lawyer's time. Below are some different service offerings lawyers provide:
- Review-only
- Review and Redlines
- Review, Redlines, and Negotiations
Depending on the requirements of the client, the lawyer may charge different amounts or in different billing arrangements. Below are some common billing arrangements for contract review services:
Hourly Rates
Many lawyers charge clients on an hourly rate for time spent working on a matter. This is typically used when the scope of work is undefined.
The way it works is the lawyer will quote you an hourly rate, then log hours as they perform work. Their invoice will equal the number of hours spent, typically billed in tenths of an hour, multiplied by their hourly rate.
For example, if a lawyer's hourly rate is $250 per hour and they log 5 hours of work, the final invoice will be $1,250.
Flat Fees
Many lawyers will offer flat fees to complete work on behalf of a client. This is typically offered for projects where the scope is well defined.
For example, if you ask a lawyer to draft a contract for you, they may quote you $800 on a flat fee. No matter how long the lawyer spends on the project, the final invoice will be $800 if the project does not go outside of the scope of work originally agreed upon.
Retainers
Retainers are commonly used by lawyers, which is a pre-payment by the client that is placed in a trust account and used to fund the lawyer's work as they bill hours.
For example, a lawyer may quote you $250 per hour for services and require a $2,500 retainer to be paid upfront to cover ten hours of their time. The client will pay the $2,500 and the lawyer will log time, drawing out funds as they bill the client.
If there are any unused funds when the project is completed, it will be returned to the client unless the lawyer specified it is a non-refundable retainer.
Retainers are a tool for lawyers to make sure they receive payment from clients.
Subscriptions
For ongoing relationships, many lawyers will offer to charge a subscription fee for a certain amount of work each month.
Subscriptions are usually billed at a reduced hourly rate, but the upfront payment means the lawyer will be available for services.
For example, if a lawyer typically charges $250 per hour, they may offer a monthly subscription for 10 hours of work for $2,000. The client is benefiting by a reduced hourly rate and the lawyer is creating guaranteed income for their services.
Subscriptions are typically used when a business wants to find outside general counsel services for on-going legal support, like reviewing contracts.
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Lawyers Fees Broken Down by Contract Type
Below is a list of 250 popular contract review projects on the ContractsCounsel platform with their associated fees alphabetized by document type. All fees are an averaged flat fee amount for all projects across the US handled by lawyers on our platform.
Note, fees for your project may vary based on your needs. Please see below:
- Acceptable Use Policy. The average cost to review an acceptable use policy is $425.
- Accounting Services Agreement. The average cost to review an accounting services agreement is $299.
- Addendum to Lease. The average cost to review an addendum to lease is $388.
- Advance Health Directive. The average cost to review an advance health directive is $400.
- Advertising Agreement. The average cost to review an advertising agreement is $285.
- Advisory Agreement. The average cost to review an advisory agreement is $478.
- Affiliate Agreement. The average cost to review an affiliate agreement is $516.
- Angel Investor Agreement. The average cost to review an angel investor agreement is $472.
- Apartment Rental Agreement. The average cost to review an apartment rental agreement is $350.
- Artist Management Agreement. The average cost to review an artist management agreement is $453.
- Asset Purchase Agreement. The average cost to review an asset purchase agreement is $695.
- Author Agreement. The average cost to review an author agreement is $334.
- Beta Agreement. The average cost to review a beta agreement is $350.
- Bill of Sale. The average cost to review a bill of sale is $433.
- Book Agreement. The average cost to review a book agreement is $362.
- Book Publishing Agreement. The average cost to review a book publishing agreement is $440.
- Brand Licensing Agreement. The average cost to review a brand licensing agreement is $590.
- Broker Carrier Agreement. The average cost to review a broker carrier agreement is $350.
- Building Lease. The average cost to review a building lease is $766.
- Business Associate Agreement. The average cost to review a business associate agreement is $320.
- Business Contract. The average cost to review a business contract is $481.
- Business Partnership Agreement. The average cost to review a business partnership agreement is $550.
- Business Purchase Agreement. The average cost to review a business purchase agreement is $962.
- Buy Sell Agreement. The average cost to review a buy sell agreement is $851.
- Buyout Agreement. The average cost to review a buyout agreement is $433.
- Catering Services Agreement. The average cost to review a catering services agreement is $425.
- Cease and Desist Letter. The average cost to review a cease and desist letter is $249.
- Channel Partner Agreement. The average cost to review a channel partner agreement is $500.
- Coaching Agreement. The average cost to review a coaching agreement is $349.
- Cohabitation Agreement. The average cost to review a cohabitation agreement is $349.
- Collaboration Agreement. The average cost to review a collaboration agreement is $399.
- Collective Bargaining Agreement. The average cost to review a collective bargaining agreement is $400.
- Commercial Lease Agreement. The average cost to review a commercial lease agreement is $728.
- Commercial Lease. The average cost to review a commercial lease is $706.
- Commercial Loan Agreement. The average cost to review a commercial loan agreement is $722.
- Commission Agreement. The average cost to review a commission agreement is $425.
- Common Stock Purchase Agreement. The average cost to review a common stock purchase agreement is $416.
- Compensation Agreement. The average cost to review a compensation agreement is $472.
- Confidential Information Release Agreement. The average cost to review a confidential information release agreement is $199.
- Confidential Settlement Agreement. The average cost to review a confidential settlement agreement is $495.
- Confidentiality Agreement. The average cost to review a confidentiality agreement is $299.
- Consent Agreement. The average cost to review a consent agreement is $410.
- Consignment Agreement. The average cost to review a consignment agreement is $975.
- Construction Agreement. The average cost to review a construction agreement is $475.
- Construction Services Agreement. The average cost to review a construction services agreement is $535.
- Consulting Agreement. The average cost to review a consulting agreement is $428.
- Consulting Services Contract. The average cost to review a consulting services contract is $493.
- Content Creator Agreement. The average cost to review a content creator agreement is $307.
- Content License Agreement. The average cost to review a content license agreement is $555.
- Contractor Agreement. The average cost to review a contractor agreement is $379.
- Convertible Note. The average cost to review a convertible note is $481.
- Co-ownership Agreement. The average cost to review a co-ownership agreement is $515.
- Copyright License Agreement. The average cost to review a copyright license agreement is $233.
- Corporate Bylaws. The average cost to review a corporate bylaws is $467.
- Custodial Agreement. The average cost to review a custodial agreement is $399.
- Customer Contract. The average cost to review a customer contract is $410.
- Data Processing Agreement. The average cost to review a data processing agreement is $675.
- Deed of Trust. The average cost to review a deed of trust is $325.
- Dental Associate Contract. The average cost to review a dental associate contract is $368.
- Design-Build Contract. The average cost to review a design-build contract is $611.
- Developer Agreement. The average cost to review a developer agreement is $730.
- Development Services Agreement. The average cost to review a development services agreement is $473.
- Dissolution Agreement. The average cost to review a dissolution agreement is $400.
- Distribution Agreement. The average cost to review a distribution agreement is $617.
- Divorce Settlement Agreement. The average cost to review a divorce settlement agreement is $700.
- Domestic Partnership Agreement. The average cost to review a domestic partnership agreement is $716.
- Early Termination Agreement. The average cost to review an early termination agreement is $339.
- Earn Out Agreement. The average cost to review an earn out agreement is $450.
- Earnest Money Contract. The average cost to review an earnest money contract is $467.
- Employee Confidentiality Agreement. The average cost to review an employee confidentiality agreement is $401.
- Employee IP Agreement. The average cost to review an employee ip agreement is $565.
- Employee Non-Disclosure Agreement. The average cost to review an employee non-disclosure agreement is $271.
- Employee Separation Agreement. The average cost to review an employee separation agreement is $424.
- Employee Stock Options Agreement. The average cost to review an employee stock options agreement is $480.
- Employment Contract. The average cost to review an employment contract is $420.
- Employment Handbook. The average cost to review an employment handbook is $574.
- Employment Offer. The average cost to review an employment offer is $475.
- End User License Agreement. The average cost to review an end user license agreement is $424.
- Equipment Lease Agreement. The average cost to review an equipment lease agreement is $416.
- Equipment Purchase Agreement. The average cost to review an equipment purchase agreement is $350.
- Equity Compensation Agreement. The average cost to review an equity compensation agreement is $485.
- Equity Grant Agreement. The average cost to review an equity grant agreement is $520.
- Event Services Agreement. The average cost to review an event services agreement is $352.
- Event Space Rental Agreement. The average cost to review an event space rental agreement is $499.
- Exclusive Agency Agreement. The average cost to review an exclusive agency agreement is $275.
- Exclusive Distribution Agreement. The average cost to review an exclusive distribution agreement is $437.
- Exclusivity Agreement. The average cost to review an exclusivity agreement is $522.
- Executive Employment Contract. The average cost to review an executive employment contract is $490.
- Fee Retainer Agreement. The average cost to review a fee retainer agreement is $393.
- Founders Agreement. The average cost to review a founders agreement is $600.
- Franchise Agreement. The average cost to review a franchise agreement is $663.
- Freelance Contract. The average cost to review a freelance contract is $384.
- General Contractor Contract. The average cost to review a general contractor contract is $290.
- Ground Lease. The average cost to review a ground lease is $868.
- Home Improvement Contract. The average cost to review a home improvement contract is $299.
- Hosted Services Agreement. The average cost to review a hosted services agreement is $350.
- Indemnification Agreement. The average cost to review an indemnification agreement is $495.
- Indemnity Agreement. The average cost to review an indemnity agreement is $950.
- Independent Contractor Agreement. The average cost to review an independent contractor agreement is $385.
- Influencer Agreement. The average cost to review an influencer agreement is $2850.
- Informed Consent Form. The average cost to review an informed consent form is $350.
- Insurance Agreement. The average cost to review an insurance agreement is $300.
- Intellectual Property License Agreement. The average cost to review an intellectual property license agreement is $365.
- Intellectual Property Transfer Agreement. The average cost to review an intellectual property transfer agreement is $787.
- International Distribution Agreement. The average cost to review an international distribution agreement is $250.
- Invention Assignment Agreement. The average cost to review an invention assignment agreement is $808.
- Investment Advisory Contract. The average cost to review an investment advisory contract is $695.
- Investment Contract. The average cost to review an investment contract is $704.
- Investment Management Agreement. The average cost to review an investment management agreement is $246.
- Investment Subscription Agreement. The average cost to review an investment subscription agreement is $772.
- IP Assignment Agreement. The average cost to review an ip assignment agreement is $417.
- Joinder Agreement. The average cost to review a joinder agreement is $165.
- Joint Development Agreement. The average cost to review a joint development agreement is $240.
- Joint Marketing Agreement. The average cost to review a joint marketing agreement is $800.
- Joint Operating Agreement. The average cost to review a joint operating agreement is $500.
- Joint Purchase Agreement. The average cost to review a joint purchase agreement is $350.
- Joint Venture Agreement. The average cost to review a joint venture agreement is $1155.
- KISS Note. The average cost to review a kiss note is $465.
- Land Contract. The average cost to review a land contract is $400.
- Land Lease Agreement. The average cost to review a land lease agreement is $757.
- Land Sales Agreement. The average cost to review a land sales agreement is $525.
- Landscaping Contract. The average cost to review a landscaping contract is $250.
- Lease Agreement. The average cost to review a lease agreement is $607.
- Lease Modification Agreement. The average cost to review a lease modification agreement is $1550.
- Lease Purchase Agreement. The average cost to review a lease purchase agreement is $354.
- Lease Termination. The average cost to review a lease termination is $350.
- Lease To Own Agreement. The average cost to review a lease to own agreement is $466.
- Legal Services Agreement. The average cost to review a legal services agreement is $700.
- Letter of Intent. The average cost to review a letter of intent is $322.
- Liability Waiver. The average cost to review a liability waiver is $328.
- Licensing Agreement. The average cost to review a licensing agreement is $791.
- Listing Agreement. The average cost to review a listing agreement is $438.
- LLC Operating Agreement. The average cost to review a llc operating agreement is $544.
- LLC Subscription Agreement. The average cost to review a llc subscription agreement is $473.
- Loan Agreement. The average cost to review a loan agreement is $422.
- Manufacturing Agreement. The average cost to review a manufacturing agreement is $1250.
- Marketing Agent Agreement. The average cost to review a marketing agent agreement is $449.
- Marketing Agreement. The average cost to review a marketing agreement is $609.
- Master Services Agreement. The average cost to review a master services agreement is $492.
- Membership Agreement. The average cost to review a membership agreement is $400.
- Memorandum of Understanding. The average cost to review a memorandum of understanding is $495.
- Model Agency Contract. The average cost to review a model agency contract is $250.
- Mortgage Note Agreement. The average cost to review a mortgage note agreement is $433.
- Music License Agreement. The average cost to review a music license agreement is $462.
- Non-Compete Agreement. The average cost to review a non-compete agreement is $342.
- Non-Competition Agreement. The average cost to review a non-competition agreement is $332.
- Non-Disclosure Agreement. The average cost to review a non-disclosure agreement is $181.
- Non-Solicitation Agreement. The average cost to review a non-solicitation agreement is $350.
- Note Payable Agreement. The average cost to review a note payable agreement is $350.
- Offer Letter. The average cost to review an offer letter is $341.
- Offering Memorandum. The average cost to review an offering memorandum is $865.
- Office Space Lease. The average cost to review an office space lease is $687.
- OnlyFans Management Contract. The average cost to review an onlyfans management contract is $353.
- Operating Agreement. The average cost to review an operating agreement is $437.
- Operational Level Agreement. The average cost to review an operational level agreement is $170.
- Option Grant. The average cost to review an option grant is $325.
- Options Contract. The average cost to review an options contract is $555.
- Partnership Agreement. The average cost to review a partnership agreement is $704.
- Patent License Agreement. The average cost to review a patent license agreement is $500.
- Phantom Stock Agreement. The average cost to review a phantom stock agreement is $200.
- Photography Service Agreement. The average cost to review a photography service agreement is $387.
- Physician Employment Agreement. The average cost to review a physician employment agreement is $435.
- Postnuptial Agreement. The average cost to review a postnuptial agreement is $473.
- Power of Attorney. The average cost to review a power of attorney is $152.
- Prenuptial Agreement. The average cost to review a prenuptial agreement is $515.
- Privacy Policy. The average cost to review a privacy policy is $250.
- Private Placement Memorandum. The average cost to review a private placement memorandum is $915.
- Private Placement Subscription Agreement. The average cost to review a private placement subscription agreement is $1500.
- Product Licensing Agreement. The average cost to review a product licensing agreement is $1000.
- Production Services Agreement. The average cost to review a production services agreement is $296.
- Professional Services Agreement. The average cost to review a professional services agreement is $693.
- Profit Share Agreement. The average cost to review a profit share agreement is $474.
- Project Collaboration Agreement. The average cost to review a project collaboration agreement is $275.
- Promissory Note Agreement. The average cost to review a promissory note agreement is $419.
- Property Deed. The average cost to review a property deed is $475.
- Property Management Agreement. The average cost to review a property management agreement is $496.
- Property Sale Agreement. The average cost to review a property sale agreement is $536.
- Publishing Contract. The average cost to review a publishing contract is $677.
- Purchase Agreement. The average cost to review a purchase agreement is $603.
- Purchase And Sale Agreement. The average cost to review a purchase and sale agreement is $311.
- Purchase Contract. The average cost to review a purchase contract is $753.
- Quitclaim Deed. The average cost to review a quitclaim deed is $375.
- Real Estate Investment Agreement. The average cost to review a real estate investment agreement is $399.
- Real Estate License Agreement. The average cost to review a real estate license agreement is $400.
- Real Estate Purchase Agreement. The average cost to review a real estate purchase agreement is $596.
- Real Estate Sale Agreement. The average cost to review a real estate sale agreement is $622.
- Recruiting Services Agreement. The average cost to review a recruiting services agreement is $450.
- Referral Partner Agreement. The average cost to review a referral partner agreement is $375.
- Release Form. The average cost to review a release form is $375.
- Release of Liability. The average cost to review a release of liability is $375.
- Renovation Contract. The average cost to review a renovation contract is $700.
- Rental Agreement. The average cost to review a rental agreement is $352.
- Rental Lease Agreement. The average cost to review a rental lease agreement is $457.
- Rent-To-Own Contract. The average cost to review a rent-to-own contract is $300.
- Repayment Agreement. The average cost to review a repayment agreement is $150.
- Repurchase Agreement. The average cost to review a repurchase agreement is $1000.
- Residential Real Estate Lease Agreement. The average cost to review a residential real estate lease agreement is $295.
- Residential Service Contract. The average cost to review a residential service contract is $350.
- Resignation Letter. The average cost to review a resignation letter is $500.
- Restricted Stock Agreement. The average cost to review a restricted stock agreement is $431.
- Retail Lease Agreement. The average cost to review a retail lease agreement is $715.
- Retainer Agreement. The average cost to review a retainer agreement is $700.
- Revenue Sharing Agreement. The average cost to review a revenue sharing agreement is $333.
- Revocable Living Trust. The average cost to review a revocable living trust is $425.
- Roofing Contract. The average cost to review a roofing contract is $300.
- Royalty Agreement. The average cost to review a royalty agreement is $420.
- RSU Agreement. The average cost to review a rsu agreement is $600.
- SaaS Agreement. The average cost to review a saas agreement is $536.
- SAFE Note. The average cost to review a safe note is $538.
- Sales Agreement. The average cost to review a sales agreement is $276.
- Sales Commission Agreement. The average cost to review a sales commission agreement is $406.
- Separation Agreement. The average cost to review a separation agreement is $499.
- Service Agreement. The average cost to review a service agreement is $431.
- Settlement Agreement. The average cost to review a settlement agreement is $411.
- Severance Agreement. The average cost to review a severance agreement is $424.
- Share Purchase Agreement. The average cost to review a share purchase agreement is $400.
- Shareholder Agreement. The average cost to review a shareholder agreement is $568.
- Software Agreement. The average cost to review a software agreement is $608.
- Software Development Agreement. The average cost to review a software development agreement is $436.
- Software Licensing Agreement. The average cost to review a software licensing agreement is $300.
- Software Subscription Agreement. The average cost to review a software subscription agreement is $1050.
- Sperm Donor Contract. The average cost to review a sperm donor contract is $225.
- Sponsorship Agreements. The average cost to review a sponsorship agreements is $447.
- Statement of Work. The average cost to review a statement of work is $395.
- Stock Incentive Plan. The average cost to review a stock incentive plan is $570.
- Stock Option Agreement. The average cost to review a stock option agreement is $348.
- Stock Purchase Agreement. The average cost to review a stock purchase agreement is $614.
- Subcontractor Agreement. The average cost to review a subcontractor agreement is $287.
- Sublease Agreement. The average cost to review a sublease agreement is $400.
- Sublease. The average cost to review a sublease is $625.
- Subscription Agreement. The average cost to review a subscription agreement is $622.
- Surrogacy Contract. The average cost to review a surrogacy contract is $824.
- Swimming Pool Contract. The average cost to review a swimming pool contract is $497.
- Teaming Agreement. The average cost to review a teaming agreement is $625.
- Terms and Conditions. The average cost to review a terms and conditions is $699.
- Terms of Service & Privacy Policy. The average cost to review a terms of service & privacy policy is $907.
- Terms of Service. The average cost to review a terms of service is $290.
- Terms Sheet. The average cost to review a terms sheet is $650.
- Trademark Application. The average cost to review a trademark application is $225.
- Trademark Assignment Agreement. The average cost to review a trademark assignment agreement is $587.
- Trust Deed. The average cost to review a trust deed is $750.
- User Agreement. The average cost to review a user agreement is $900.
- Vehicle Lease Agreement. The average cost to review a vehicle lease agreement is $462.
- Vendor Agreement. The average cost to review a vendor agreement is $364.
- Venue Rental Agreement. The average cost to review a venue rental agreement is $300.
- Video License Agreement. The average cost to review a video license agreement is $450.
- Waiver. The average cost to review a waiver is $266.
- Warranty Agreement. The average cost to review a warranty agreement is $495.
- Warranty Deed. The average cost to review a warranty deed is $2000.
- Wedding Contract. The average cost to review a wedding contract is $240.
Tips For Keeping Lawyer Fees Down
Control legal fees is important and if you have ever hired a lawyer, you likely know costs can go up quickly. Here are some recommendations for keeping costs down:
- Negotiate a flat fee. Whenever possible, negotiate a flat fee with the lawyer you want to hire. This provides you with price certainty so you avoid excess billing.
- If hourly, negotiate a cap. If you cannot negotiate a flat fee, make sure you ask the lawyer for a ‘cap’ on hours to complete the work. This will serve as an insurance policy so that you do not exceed the cap.
- Get competitive proposals. Use a marketplace like ContractsCounsel or solicit proposals from multiple lawyers. There is no standardized pricing in the legal industry, and some lawyers may have more bandwidth to handle your matter than others and be willing to complete the work at a discounted rate.
- Have a kickoff call. Make sure you have a kickoff call to clearly go through your objectives with the matter. This will help the lawyer know what they need to do, and will allow you to avoid extra work when it wasn’t needed.
- Get what’s included in writing. Make sure you get everything agreed upon with the lawyer in writing. For example, if you need the lawyer to do a review, explanation call, and redlines, make sure that is in writing so you can point back to it if a lawyer tries to charge you additional fees for work.
- Be prepared. If you show up for a call without giving your project any thought, the chances of needing another call or work not being done correctly are higher. This would lead to additional fees, so make sure you are prepared and have thought through the project and questions you want answered.
- Send consolidated feedback. When giving the lawyer feedback on their first round of work, avoid sending peace mill feedback. Every time a lawyer reads an email, text, etc, you will be billed. Make sure to consolidate all feedback into one clear email to avoid extra fees.
Questions You Want to Ask When Comparing Proposals
Here is a list of questions you may consider asking when vetting different lawyers for your project.
- What is your experience with this type of contract?
- How do you normally charge your clients?
- Are you willing to do a flat fee for the project?
- What is included in your flat fee?
- If I need help with negotiations, will there be an additional fee? If so, what is it?
- What is your standard turnaround time?
- What is your client communication policy?
Frequently Asked Questions
What is the standard turnaround time for contract review?
Most contract review projects on the ContractsCounsel platform have a turnaround time of 2-3 business days. If the contract is short, then it can be completed faster. Lawyers will provide an estimated turnaround time with their proposals.
Will lawyers handle contract review on a flat fee?
Yes. Lawyers will handle contract review on a flat fee, but you will need to make sure you are clear on what is included in the flat fee. Additional fees may be related to redlines or negotiations. It is important to discuss upfront and get confirmation of what’s included in writing.
Can I negotiate fees with a lawyer?
Yes. Clients can negotiate fees with lawyers since there are no set fees in the legal industry. If a lawyer isn’t busy with other client’s work, they may be willing to reduce their fee to avoid unbillable time.
Conclusion
Contract review legal fees can vary by many factors and it is always recommended to receive multiple quotes from lawyers to compare. Review the top 250 contract review projects above to get a sense of costs, so that you can budget appropriately.
If you want to receive multiple quotes to compare, consider using ContractsCounsel's marketplace and post a project for contract review.
