How a Financial Services Business Hired a Lawyer to Draft a Service Agreement in Florida (2024)

In 2024, a new financial services firm in Florida sought assistance in drafting a service agreement for its clients. The client aimed to create a document that not only outlined their hourly fee structure but also protected them from undue liability while emphasizing their confidentiality policies. Recognizing the unpredictable nature of financial markets, they wanted to clearly communicate their approach to providing advice on a good faith basis without managing clients' assets directly. As a result, the client received six proposals from qualified attorneys, with flat fee bids ranging from $599 to $2000, all submitted to meet the requested deadline of one week.