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BILLABLE PRACTICES.
ENDEAVORLEGAL
understands the legal needs and fiscal
constraints facing start-up business ventures and has established its billing practices accordingly.
We
offer a number of billing options to
clients. Our clients have the option of choosing between affordable
traditional hourly
fees, economical monthly fees or fixed priced legal services for certain
legal matters.
TRADITIONAL HOURLY FEES.
Traditional Hourly Fees range from Two Hundred Fifty Dollars
($250.00) to Two Hundred Seventy-Five Dollars ($275.00) depending on the complexity of the work
involved. Our
hourly rates are substantially lower than standard rates at larger Boston,
New York and Los Angeles based firms, which often range from
Three Hundred Fifty Dollars ($350.00) to
Six Hundred Fifty Dollars ($650.00) for partners and can often exceed
Three Hundred Dollars ($300.00) for senior associates. Our
billable rates allow client cost savings to be substantial. Over the
course of forty (40) hours of legal representation, our clients often
experience a cost savings in excess of Four Thousand Dollars ($4,000.00).
MONTHLY RETAINER/ "VIRTUAL GENERAL COUNSEL" FOR
ELIGIBLE CLIENTS.
Certain clients are
eligible for our monthly retainer option where by
committing to a one year contract for a recurring fixed fee of
Two Thousand Dollars ($2,000.00) per month, we will provide ten
hours of legal services per month. That's ten hours of
legal service at Two Hundred Dollar ($200.00) per hour - a Fifty
Dollar ($50) per hour savings from our minimum hourly rate.
This arrangement guarantees that our client will
receive all legal services at below our minimum billable rate,
regardless of complexity. Additionally, it is flexible, permitting
a business venture to utilize any of our firm’s services and carry forward or borrow
from unused hours in previous or future months - all we ask is that the
client continues to make its monthly payments so that it continues to be
eligible to receive our services at the reduced hourly rate.
Eligible clients who elect to participate in our monthly retainer option can sleep soundly with
the knowledge that it’s routine legal needs will be met and it’s monthly
legal budget will not be exceeded. This program can also be customized according to the
specific needs of a particular client.
Please contact us for details.
FIXED FEE FOR CERTAIN MATTERS AND TRANSACTIONS. Business ventures
need assistance with numerous recurring legal matters. Most
large corporate law firms charge for such services on an hourly basis,
often involving junior, mid-level and senior associates, and partners.
This practice tends to result in duplicated efforts at such a law firm
and increased costs to their clients. We believe that the best method
of minimizing legal fees, while providing optimal client service is to
charge a fixed fee for these types of matters, such as:
FOR
CORPORATIONS:
Preparation of
annual stockholder and board of director meeting minutes;
Review of monthly board of
directors meeting minutes for statutory compliance;
Filing annual
reports with the Secretary of State;
Periodic review of
capitalization.
FOR
LIMITED LIABILITY COMPANIES:
Organization of Single
Member Limited Liability Companies;
Filing of annual secretary
of state reports;
Periodic review
of capitalization; and
Completion of
standard transfers of ownership interests among LLC members.
WE NOW ACCEPT PAYMENT FOR LEGAL SERVICES THROUGH

Please
email
Eric C. Belanger for more information about
our billable practices and your eligibility for the Monthly Retainer/Virtual
General Counsel and/or
Fixed Fee billable options. |