All too often there is a disconnect between the fees charged by a law firm and the expectations of the client regarding the importance of a matter. To prevent these disconnects, elg likes to set expectations early in the process by addressing and discussing the client's goals and the importance the client assigns to the matter. (For example, bringing in an institutional investor or selling your company requires a dramatically different approach than negotiating a simple contract with a non-critical vendor.) Once the client's goals and expectations are understood, we can then discuss fee structures that make sense for the client and for elg. This may include a fixed fee arrangement with a defined scope of work, or it may be a more traditional hourly rate approach with or without an expected budget.
