Fixed Fees, Capped Fees and Hourly Rates
Fixed Fee: We operate whenever practical on fixed fees so you know what you are expected to pay and we know what work we are doing (and not doing) for a pre-agreed and prepaid fee. A fixed fee is only fixed for the specified work, so if you ask us to do more work then we will remind you that the fee will be affected.
Capped Fee: You pay on an hourly basis but the fee will not go over a certain cap or limit.
Hourly rate: The traditional model in professional services. You pay for the time spent. Sometimes fixed fees or capped fees are not suitable as the scope of the work is too wide or there are too many uncertain facts (like another party’s unreasonable approach, additional work necessary not being clear, high numbers of documents to be reviewed etc.).
Our hourly rates which are used in some cases and are the basis for all quotes we provide are:
– Paul Bennett £500 per hour plus VAT on regulatory and professional disciplinary matters –
– Mark Briegal and Paul Bennett £300 per hour plus VAT on corporate, commercial and employment matters –
Under the Price Transparency Regulations, certain types of legal work law firms have to publish on their website. Our examples are here.
We believe in transparency more generally and our price list is here.