Our lawyers are free to set the firm's fee structure for their clients, without red tape. That may be hourly rate billing, fixed fee, retainer or as otherwise permitted by law. In the event of hourly billing, a lawyer’s hourly rate is decided by them. Lawyers are also free to discount or increase their normal rate (subject to the terms of any existing engagement letter) or to write off WIP at their discretion. The firm’s decentralised approach to pricing enables our lawyers to flexibly tailor the firm's offering to the client and matter at hand, which ensures we remain agile and competitive.
The firm has no time sheets or billable hour targets. Our lawyers are free to work closely with clients without having to justify their time, or the investment which they choose to make in a client, to the firm.
The absence of billing targets changes the client from being a “KPI of the firm” – against which lawyers are under relentless pressure to bill, to a situation where our lawyers are free to work with clients as they think appropriate. This takes significant pressure out of the client relationship and enables deeper and more meaningful relationships with clients to be formed.