Value-Based Billing

“There is nothing more expensive than a bad lawyer.”
-Mike Gowen

You don’t want to pay for time. You want to pay for value.

If you’re calling us, you’re probably about to take a risk–whether it’s in the context of filing a lawsuit or becoming an entrepreneur. A business attorney should help you limit those risks, and that includes the risks that come with attorneys’ fees.

Introducing the [ask LEGAL] Value Billing Guarantee:

At the Lord Law Firm, we think it’s important that clients understand the work we do, the time it takes, and how that work advances your case. That’s why we offer a Value Billing Guarantee for hourly work: If you review your bill and don’t find value in what we did, send us a note telling us why. Then just pay the balance of your bill in a timely fashion—you’ll owe nothing for the work you don’t value. This is not a guarantee of any result—there are times when even excellent representation won’t get the result you want. Our expectation is that you will find value in everything we do. But ultimately, that’s your decision, not ours.

Ever ask a lawyer what something costs?

Bet you didn’t get a straight answer.

As a business person, you need to be able to plan. And “it depends” is a lousy way to budget. There are certainly legal issues for which costs can be difficult to project. But in many, if not most instances, an experienced attorney should be able to give you at least an estimate. At the Lord Law Firm, we do our best to tell you what we think it will cost on day one. Usually, we’re pretty close. More importantly, though, we’ll tell you when we don’t think it’s worth paying us at all.

At the Lord Law Firm, we try to align our incentives with yours.

So we offer value-based billing. For some clients, that means providing excellent legal services at reasonable hourly rates of $350-$500/hour, backed by the [ask LEGAL] Value Billing Guarantee. For others, however, it means alternative fee arrangements, including:

General Counsel Plans
Pay a low monthly fee for General Counsel Services.
Flat Fees
You pay a single fee for a specific service. No more. No less.
Hybrid Fees
You pay a reduced hourly rate (usually 2/3 of our standard rates). If and when we recover money for you, you’ll pay us a percentage of what we recover (usually 25%).
Contingent Fees
You pay a small placement fee (usually 10% of the amount you’re owed) and the out-of-pocket costs (like filing fees or court reporter costs). Other than that, you pay nothing unless and until we recover money for you, when you’ll pay us a percentage of what we recover (usually 33.33%).

Of course, these are just examples of arrangements we often enter into; each case is different, and not all arrangements are available in every case. Want to discuss how we can help in your case, or propose a custom arrangement? Contact us today.

Contact the Lord Law Firm