We try to base our costs on the value we can provide. That means we may not offer the same price to everyone. The price we quote to start-ups with limited funds and little to protect might be less than the cost to an ongoing, multi-million dollar business that needs us to drop everything else we’re doing to help save the business.
This is where flat rate pricing becomes a bit trickier than hourly pricing. Hourly pricing is straightforward. We ask you to pay a retainer, we tell you our hourly rates, and we get started. The difficult part about this is it’s hard for us to predict how much it’s going to cost you, and it also creates a conflict of interest if the best resolution for you is the option that results in the lowest fee for us.
With flat rate pricing, we attempt to give you a price and payment plan that fits your needs and budget. It does make it a little bit more complicated, but in the end, both parties know the money that’s being exchanged, and what they are receiving for that.
Another aspect to consider with price is the cost of doing preventative maintenance and the cost of not doing anything at all. Often times it is cheaper to hire an attorney to create the paperwork in advance, rather than hiring an attorney to fix the problem after the fact.