Find Legal Pricing by Document Type
- Acceptable Use Policy
- Accounting Services Agreement
- Addendum to Lease
- Advance Health Directive
- Advertising Agreement
- Advisory Agreement
- Affidavit of Domicile
- Affidavit of Heirship
- Affidavit of Marriage
- Affiliate Program Agreement
- Annual report
- Arbitration Agreement
- Art Consignment Agreement
- Articles of Association
- Articles of Incorporation
- Articles of Organization
- Artist Management Agreement
- Asset Purchase Agreement
- Assignment of Partnership Interest
- Author Agreement
- Bill of Sale
- Book Publishing Agreement
- Brand Ambassador Agreement
- Brand Licensing Agreement
- Broker Carrier Agreement
- Building Lease
- Business Associate Agreement
- Business Contract
- Business Partnership Agreement
- Business Plan
- Business Purchase Agreement
- Buy Sell Agreement
- Buying Agency Agreement
- Buyout Agreement
- C-Corp
- Cancellation Of Lease
- Catering Services Agreement
- Cease and Desist Letter
- Certificate of Good Standing
- Certificate of Organization
- Certificates of Incorporation
- Channel Partner Agreement
- Cloud Services Agreement
- Co-ownership Agreement
- Coaching Agreement
- Code of Ethics
- Cofounder Agreement
- Cohabitation Agreement
- Collaboration Agreement
- Collective Bargaining Agreement
- Commercial Lease
- Commercial Lease Agreement
- Commercial Loan
- Common Stock Purchase Agreement
- Compensation Agreement
- Confidential Settlement Agreement
- Confidentiality Agreement
- Consent Agreement
- Consignment Agreement
- Construction Agreement
- Construction Services Agreement
- Consulting Agreement
- Consulting Services Contract
- Content Creator Agreement
- Content License Agreement
- Contract Amendment
- Contract Manufacturing Agreement
- Contractor Agreement
- Convertible Note
- Cookies Policy
- Copyright License Agreement
- Copyright Transfer Agreement
- Corporate Bylaws
- Corporate Resolution
- Cost Sharing Agreement
- Custodial Agreement
- Customer Contract
- Data Processing Agreement
- Data Transfer Agreement
- Debt Settlement Agreement
- Deed of Trust
- Demand Letter
- Dental Associate Contract
- Design-Build Contract
- Developer Agreement
- Development Services Agreement
- Dissolution Agreement
- Distribution Agreement
- Domestic Partnership Agreement
- Durable Power of Attorney
- Early Termination Agreement
- Earn Out Agreement
- Earnest Money Contract
- Employee Confidentiality Agreement
- Employee Separation Agreement
- Employee Stock Options Agreement
- Employment Agreement
- Employment Contract
- Employment Handbook
- Employment Offer
- End User License Agreement
- Endorsement Agreement
- Equipment Lease
- Equipment Purchase Agreement
- Equity Compensation Agreement
- Equity Grant Agreement
- Event Space Rental Agreement
- Exclusive Agency Agreement
- Exclusive Distribution Agreement
- Exclusivity Agreement
- Executive Employment Contract
- Fee Retainer Agreement
- Finance Lease
- Financial Affidavit
- Forbearance Agreement
- Form 1120-S
- Form 2553
- Founders Agreement
- Franchise Agreement
- Freelance Contract
- GDPR Compliance
- Gas Station Lease Agreement
- General Contractor Contract
- Grant Deed
- Graphic Design Agreement
- Gross Lease
- Ground Lease
- HVAC Contract
- Healthcare Power of Attorney
- Healthcare Proxy
- Hold Harmless Agreement
- Home Improvement Contract
- Hosted Services Agreement
- Hotel Lease Agreement
- Hotel Management Agreement
- IP Assignment Agreement
- Indemnity Agreement
- Independent Contractor Agreement
- Influencer Agreement
- Insurance Agreement
- Intellectual Property License Agreement
- Intellectual Property Transfer Agreement
- Internet SLA
- Invention Assignment Agreement
- Investment Advisory Contract
- Investment Contract
- Investment Management Agreement
- Investment Subscription Agreement
- Invoice Template
- Joinder Agreement
- Joint Development Agreement
- Joint Marketing Agreement
- Joint Operating Agreement
- Joint Purchase Agreement
- Joint Venture Agreement
- LLC
- LLC Operating Agreement
- LLC Subscription Agreement
- Land Contract
- Land Lease Agreement
- Land Sales Agreement
- Land Use Restriction Agreement
- Landscaping Contract
- Last Will and Testament
- Lead Generation Agreement
- Lease Agreement
- Lease Modification Agreement
- Lease Purchase Agreement
- Lease To Own Agreement
- Legal Services Agreement
- Letter of Intent
- Liability Waiver
- Licensing Agreement
- Lien
- Listing Agreement
- Living Trust
- Living Will
- Loan Agreement
- Lock-up Agreement
- Maintenance Services Agreement
- Manufacturing Agreement
- Marketing Agent Agreement
- Marketing Agreement
- Master Promissory Note
- Master Services Agreement
- Medical Power of Attorney
- Membership Agreement
- Memorandum of Understanding
- Mortgage Agreement
- Mortgage Note
- Multi Member LLC Operating Agreement
- Multi-Member LLC
- Music License Agreement
- Net Lease
- Non-Circumvention Agreement
- Non-Compete Agreement
- Non-Competition Agreement
- Non-Disclosure Agreement
- Non-Solicitation Agreement
- Note Payable
- Note Purchase Agreement
- Notice to Vacate
- Offer Letter
- Offering Memorandum
- Office Space Lease
- Operating Agreement
- Operational Level Agreement
- Options Contract
- Order Form
- Partnership Agreement
- Patent Application
- Patent Assignment Agreement
- Patent License Agreement
- Payoff Agreement
- Phantom Stock Agreement
- Photography Service Agreement
- Physician Employment Agreement
- Plumbing Contract
- Postnuptial Agreement
- Power Purchase Agreement
- Power of Attorney
- Prenuptial Agreement
- Privacy Policy
- Private Label Agreement
- Private Placement Memorandum
- Private Placement Subscription Agreement
- Product Licensing Agreement
- Production Services Agreement
- Professional Services Agreement
- Profit Share Agreement
- Project Collaboration Agreement
- Promissory Note Agreement
- Property Deed
- Property Management Agreement
- Property Sale Agreement
- Publishing Contract
- Purchase Agreement
- Purchase And Sale Agreement
- Purchase Contract
- Purchase Order
- Quitclaim Deed
- Real Estate Investment Agreement
- Real Estate License Agreement
- Real Estate Purchase Agreement
- Real Estate Sale Agreement
- Recruiting Services Agreement
- Referral Partner Agreement
- Release of Liability
- Release of Lien
- Renovation Contract
- Rental Agreement
- Repayment Agreement
- Repurchase Agreement
- Residential Real Estate Lease Agreement
- Residential Service Contract
- Resignation Letter
- Resolutions
- Restricted Stock Agreement
- Retail Lease Agreement
- Retainer Agreement
- Revenue Sharing Agreement
- Revocable Living Trust
- Roofing Contract
- Royalty Agreement
- S-Corp
- SAFE Note
- SaaS Agreement
- Sales Agreement
- Sales Commission Agreement
- Security Agreement
- Separation Agreement
- Service Agreement
- Service Level Agreement
- Settlement Agreement
- Severance Agreement
- Share Purchase Agreement
- Shareholder Agreement
- Single Member LLC
- Single Member LLC Operating Agreement
- Social Media Marketing Agreement
- Software Agreement
- Software Development Agreement
- Software Subscription Agreement
- Special Warranty Deed
- Statement of Work
- Stock Incentive Plan
- Stock Purchase Agreement
- Stock Warrant
- Storage Lease Agreement
- Subcontractor Agreement
- Sublease
- Sublease Agreement
- Subordination Agreement
- Subscription Agreement
- Teaming Agreement
- Term Sheet
- Terms and Conditions
- Terms of Service
- Trademark Application
- Trademark Assignment Agreement
- Transportation Service Agreement
- Triple Net Lease
- Trust Deed
- US Passport Application
- User Agreement
- Vehicle Lease Agreement
- Vendor Agreement
- Video License Agreement
- Waiver
- Warranty Deed
- Website Design Agreement
- Wholesaler Agreement
- Work Order
What is Legal Pricing?
Legal Pricing is one of the most important aspects of a law firm. As the web-centric age brings about several adaptations in the legal world, informed clients seek nothing but transparent and fair billing rates.
On that account, legal pricing is a critical agreement fee between clients and lawyer or law firms for representation services, including necessary preparation, court appearances, and paperwork. In consequence, the lawyer becomes fully responsible for providing a full range of legal services to fulfill contracts with the client.
What is Legal Pricing Used For?
Set pricing strategies and packages enable law firms to work systematically and in a see-through manner with minimal malpractices. Most impressive, a successful legal pricing strategy helps convert leads to customers.
Beyond any doubt, positive word of mouth is a practical strategy likely to enhance the brand presence. When it comes to pricing turning leads into customers, the costs of a law firm play a crucial role in instigating clients to engage services from a particular provider.
In short, clients make informed decisions on a law firm based on the cost mentioned on board or from referrals.
What Legal Pricing Doesn't Cover
Despite the best attempts of legal pricing to cover every possible situation, some areas remain uncovered. This is because the factors involved in a legal process are typically not all that obvious or even apparent.
Remember, while it is pretty easy to track hours worked, the average cost of hiring a lawyer to draft a contract may differ from one case to another. Other legal costs likely to fluctuate include hearing and court fees per client.
In addition, the opinions of fellow attorneys may differ widely, making it extremely difficult to draw the line when it comes to pricing.
Types of Legal Pricing
The legal industry has been increasingly competitive in recent times. Therefore, it is indispensable for clients to understand how pricing works and the average costs of a lawyer. For instance, average cost of hiring a lawyer to draft a business contract can be an expansive affair but worth every coin if you find a reliable one.
On the other hand, charges for a qualified lawyer for startup may ebb and flow depending on the business size and task at hand. Critical areas that require a lawyer for startup include the hiring process of new hands, contract negotiation, incorporations, and the creation of business entities. All in all, here are common billing rates offered by competent legal representatives.
Consultation Fee
Before your lawyer or paralegal begins their work, you should know how much to expect. That's where the "consultation fee" comes in. At its most basic level the consultation fee that certain law firms charge for an initial meeting.
Typically, how much is a lawyer consultation fee ? On average, the pricing can range from $50 -1000 dollars depending on the state, legal services offered, and varying living costs.
Flat Fee Billing
Flat fee billing has become increasingly popular in recent years because of the immense benefits that go along with it. The idea behind a flat fee is that clients and attorneys agree on a pre-determined rate for a specific type of work or a set amount of work.
With no billable hour formula in place, the pricing saves clients money significantly, making it a favorite option in most law firms.
Statutory Fee
A statutory legal fee is a maximum a lawyer can charge for their services. The law came up with these fees to impede law firms from charging exorbitant prices.
Contingency Fee
A contingency fee is a type of fee arrangement where the cost is dependent on the outcome of a lawsuit. Under this arrangement, the client and attorney agree on the attorney's fee in case of a successful outcome.
Note, lawyers receive no payments if they lose. Many personal injury lawsuits get filed on a contingency basis because it offers more bang for your litigation buck.
Hourly Fee
Hourly fee is proportional to the amount of time spent by the lawyer for a client. At its simplest, the law firms set the average cost of a lawyer according to the time spent on a service. The amount is pre-negotiated before the case begins, with each hour broken down into 15-minute increments.
Retainer Fee
The term "retainer fee" is unfamiliar to the general public, but it is one of the most important things to know before hiring a lawyer. It's an advance payment for legal services that you get from the lawyer.
This billing rate helps the client and the lawyers develop a fixed amount for the fee intended to be paid by the client. Usually, a provider will accept to provide you services in this way at a discount.
Retainers are always helpful if you can afford them because they save you big bucks by avoiding the need to pay hourly.
Referral Fee
While most law firms count hours for their legal billing, referral fees are a different way of fee disclosure in law firms. Under this method, the law firm apportions a percentage of its revenue to partners. The rest goes to support the firm's overhead and staff.
The best part is that referrals are one of the essential marketing tools in the legal business. They allow a law firm to tap into referral networks that would otherwise be unavailable to them.
In other words, if people have a terrible experience with your law firm and recommend it to their friends and family, the likelihood of them doing business with you is slim to none.
However, if you engage in a referral partnership for which you get paid for referrals, you are creating a self-fulfilling form of marketing that has the potential to grow your practice exponentially.
Conclusion on Legal Pricing
The cost of legal services has risen steadily, and the current economic trend does not favor any significant change soon. Yet, whether you're a new business lawyer or have been practicing for ages, having the right price for your services can make a huge impact.
Take into account that effective law firm pricing isn't just about your bottom line. It's also about how you position yourself as an expert in the eyes of your clients, colleagues, and competitors. The profit maximization task is only part of getting to a competitive, profitable law firm pricing strategy. In the end, it's a means to an end — not the end itself.
Meet some of our Lawyers
Michael B.
Michael has extensive experience advising companies from start-ups to established publicly-traded companies . He has represented businesses in a wide array of fields IT consulting, software solutions, web design/ development, financial services, SaaS, data storage, and others. Areas of expertise include contract drafting and negotiation, terms of use, business structuring and funding, company and employee policies, general transactional issues as well as licensing and regulatory compliance. His prior experience before entering private practice includes negotiating sales contracts for a Fortune 500 healthcare company, as well as regulatory compliance contracts for a publicly traded dental manufacturer. Mr. Brennan firmly believes that every business deserves a lawyer that is both responsive and dependable, and he strives to provide that type of service to every client.
Brad H.
Brad is a business attorney with experience helping startup and growing companies in a variety of industries. He has served as general counsel for innovative companies and has developed a broad knowledge base that allows for a complete understanding of business needs.
Matthew R.
I am an attorney located in Denver, Colorado with 13 years of experience working with individuals and businesses of all sizes. My primary areas of practice are general corporate/business law, real estate, commercial transactions and agreements, and M&A. I strive to provide exceptional representation at a reasonable price.
George O.
George is a lifelong Houston resident. He graduated from St. Thomas High School and then Texas A&M University. He obtained his Doctor of Jurisprudence from South Texas College of Law in 2007. He is experienced in real estate, estate planning & probate, civil/commercial matters, personal, injury, business matters, bankruptcy, general counsel on-demand, and litigation. He is active in the community serving as past-president of the St. Thomas Alumni Board, a current member of the Dads Club Aquatic Center Board of Directors, current member of the Dickinson Little Italy Festival of Galveston County Board of Directors, and former PTO President for Briarmeadow Charter School.
Ramsey T.
My clients are often small and medium size technology companies, from the "idea" stage to clients who may have raised a round or three of capital and need to clean up a messy cap table. I help with all legal matters related to growth that keep founders up at night - hiring people, allocating equity, dealing with shareholders and investors, client negotiations and early litigation counseling (before you need a litigator). I've seen a lot, and because I run my own business, I understand the concerns that keep you up at night. I’ve been through, both on my own and through other clients, the “teething” pains that will inevitably arise as you scale-up – and I’m here to help you. I have over 20 years international experience devising and implementing robust corporate legal strategies and governance for large multinationals. I now focus on start-ups and early/medium stage technology companies to enable a sound legal foundation for your successful business operations. Many of my clients are international with US based holding companies or presences. My 17 years abroad helps me "translate" between different regimes and even enabling Civil and Common Law lawyers to come together. Regularly, I handle early stage financings including Convertible Notes, Seed and Series A/B financings; commercial and technology contracts; international transactions; tax; mergers and acquisitions.
October 27, 2020
Ross F.
I am an experienced technology contracts counsel that has worked with companies that are one-person startups, publicly-traded international corporations, and every size in between. I believe legal counsel should act as a seatbelt and an airbag, not a brake pedal!
November 11, 2020
John H.
John Daniel "J.D." Hawke is an experienced attorney with a law practice in Mobile, Alabama. He was born in Fairhope, Alabama and after earning his undergraduate degree at Auburn University, he received a law degree from Thomas Goode Jones School of Law in 2010. After law school, he formed the Law Office of J.D. Hawke LLC and over the last decade he has fought incredibly hard for each and everyone of his clients. His practice focuses on representing people facing criminal charges and clients dealing with family law matters. In addition to criminal defense and domestic relations cases, he also regularly handles contract disputes, personal injury cases, small business issues, landlord/tenant disputes, document drafting, and estate planning. He is licensed to practice law in the State of Alabama and the United States District Court for the Southern District of Alabama.
October 30, 2020
Thomas C.
Thomas Codevilla is Partner at SK&S Law Group where he focuses on Data Privacy, Security, Commercial Contracts, Corporate Finance, and Intellectual Property. Read more at Skandslegal.com Thomas’s clients range from startups to large enterprises. He specializes in working with businesses to build risk-based data privacy and security systems from the ground up. He has deep experience in GDPR, CCPA, COPPA, FERPA, CALOPPA, and other state privacy laws. He holds the CIPP/US and CIPP/E designations from the International Association of Privacy Professionals. Alongside his privacy practice he brings a decade of public and private transactional experience, including formations, financings, M&A, corporate governance, securities, intellectual property licensing, manufacturing, regulatory compliance, international distribution, China contracts, and software-as-a-service agreements.
October 30, 2020
Lyndsey G.
Attorney of 6 years with experience evaluating and drafting contracts, formation document, and policies and procedures in multiple industries. Expanded to estate planning last year.
November 4, 2020
Sammy N.
Sammy Naji focuses his practice on assisting startups and small businesses in their transactional and litigation needs. Prior to becoming a lawyer, Sammy worked on Middle East diplomacy at the United Nations. He has successfully obtained results for clients in breach of contract, securities fraud, common-law fraud, negligence, and commercial lease litigation matters. Sammy also counsels clients on commercial real estate sales, commercial lease negotiations, investments, business acquisitions, non-profit formation, intellectual property agreements, trademarks, and partnership agreements.
November 6, 2020
Christopher S.
Chris Sawan is a JD/CPA who practices in the area of business law, contracts and franchising in the State of Ohio.