أكتوبر 12 2015
What are the issues in the legal fees and billing in the provision of legal services to large government organisations in the Middle East?
Asks, for a matter of some significance, what is the best fee arrangement to ensure that a law firm is retained on an acceptable arrangement and then gets paid on time, plus the client is happy to pay them? The answer is simple – lump sum fees. The author thinks the ratio of being retained on a lump sum basis vs. hourly rates is like 90 per cent vs. 10 per cent. The author recommends disclosing to the client the key elements that make up the lump sum. A firm should not be reluctant to openly discuss with a client its proposed work plan and any assumptions both as to costs and time.
Summary only available due to licensing restrictions
