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Flexible Fee Schedules

Simas & Associates, Ltd., offers a variety of fee schedules for its clients. Here is a non-exhaustive list of the types of fees offered and when that fee type would be appropriate.

Retainer Fee Agreement

A retainer fee agreement is the default agreement at Simas & Associates, Ltd., and most other law firms. It is paying the firm a set amount based upon the hourly work to be completed by the law firm. Depending on the matter’s complexity, the amount of the initial or replenish retainer amount may change.

Notwithstanding, Simas & Associates, Ltd., is committed to maximizing the value of the services it provides. Thus, it aims to make sure that attorney time is limited to the tasks and responsibilities you expect to be completed by your attorney (e.g. counseling, negotiations, appearances, etc.) and other tasks and responsibilities (e.g. research, revising, follow-up, etc.) assigned to its support staff.

Flat Fee Agreement

A flat fee agreement is a set amount that Simas & Associates, Ltd., would agree to be paid for all of the services identified upon the client retaining the law firm. Simas & Associates, Ltd., limits flat fee agreements to select legal tasks and responsibilities that have an estimable time requirement to competently complete.

Examples would include, but are not limited to, the following:

  • Entity formation (e.g. incorporation, non-profit, association, etc.)
  • Drafting/review of identified legal documents (e.g. contracts, employee handbook, etc.)
  • Assignment of responsibilities (e.g. registered agent, etc.).

Contingency Fee Agreement

A contingency fee agreement is a rare type of fee agreement at Simas & Associates, Ltd. This type of fee agreement makes the amount or paying of legal fees contingent upon an event either occurring or not occurring in the course of the representation. It is commonly associated with civil litigation, where the size or paying of legal fees is contingent upon the client’s lawsuit or defense being successful.

Simas & Associates, Ltd., never uses a contingent fee agreement in representing professionals in cases of license discipline. In addition, Simas & Associates, Ltd., never uses it through the filing of an appeal or a writ on behalf of a licensed professional. Rather, this form of fee agreement is rarely used and only in the event a client is pursuing a matter through civil litigation.