What are the benefits of hiring a fixed fee commercial law firm

If you own a business, you know how important it is to have the right legal representation. However, legal fees can quickly add up, leaving you with an unexpected bill at the end of the month. That’s where more modern thinking, fixed fee commercial law firms come in. Here are some benefits of hiring a fixed fee commercial law firm for your business:

Predictable Costs

One of the biggest benefits of hiring a fixed fee commercial law firm is that you know exactly how much you will be paying for legal services. You don’t have to worry about hourly rates or unexpected fees – everything is included in the fixed fee.

This allows you to budget more effectively and plan for the future, without having to worry about legal fees eating into your profits.

Increased Transparency

With a fixed fee commercial law firm, you should have a clear understanding of exactly what services are included in the fee. This makes it easier to understand the legal services you are receiving and the value they provide to your business.

You don’t have to be scared to contact your lawyer either! You can have more open and transparent communication with your legal team, as you don’t have to worry about additional fees for phone calls or emails.

Better Communication

When you work with a fixed fee commercial law firm, you are more likely to receive more timely and effective communication than you would from a traditional hourly rate law firm. Your legal team will be focused on providing the best possible service for the fixed fee, rather than trying to maximize their billable hours.

This means that you can expect more regular updates, better availability for questions and concerns, and a more proactive approach to legal issues.

Improved Efficiency

Fixed fee commercial law firms are often more efficient in their work, as they are focused on providing high-quality legal services within the fixed fee. This can lead to faster turnaround times, more effective legal solutions, and a smoother overall process.

You can also expect more streamlined billing and invoicing, as everything set out in the scope is included in the fixed fee.

Better Value for Money

Overall, a fixed fee commercial law firm provides better value for money than a traditional hourly rate law firm. You know exactly how much you will be paying for legal services, and you can trust that your legal team is focused on providing the best possible service within that fee.

 This allows you to get the legal support you need, without having to worry about unexpected bills or inflated fees.

 

Benefits of hiring a fixed fee commercial law firm

In conclusion, hiring a fixed fee commercial law firm can provide a range of benefits for your business. From predictable costs and increased transparency, to better communication and improved efficiency, a fixed fee commercial law firm can help you get the legal support you need, without breaking the bank.

To get started, book in for a free 15-minute consultation with one of our lawyers.

Related article: Why You Need To Hire A Business Lawyer

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Helen Kay - Managing Director

Helen Kay

If you require any assistance with your business legals or any other commercial legal issue, please do not hesitate to contact me.

Typical Legal Disclaimer!…

Unfortunately, there is never a ‘one size fits all’ formula to apply. Every situation is unique and it can be tricky to wrap your head around some areas of the law. To ensure you are setting yourself and your business up for success, it is always best to consult a legal professional with expertise in the field.

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