How a Business Hired a Lawyer to Review an Equity Compensation Agreement in Texas

In 2023, a business in Texas sought assistance for a review of an equity compensation agreement. The client, who had previously worked at a mental health startup, was given their profit interest agreement nearly a year after their departure. They aimed to ensure that the terms reflected what had been previously communicated, specifically regarding their entitlement to approximately 2% of profit interest from an employee pool of undilutable equity. As a result, the client received three proposals from licensed attorneys, with flat fee bids ranging from $400 to $565. All proposals were submitted to meet the client’s requested deadline of less than one week.