Know your Costs Upfront
A Simple and Predictable Pricing Model for Business Litigation Cases
When you’re charged by the hour, you might have a ballpark figure in mind, but we have seen too many Business Litigation cases where costs jump from the tens of thousands to hundreds of thousands in what seems like the blink of an eye. Our team has suffered this same uncertainty, and your lawyer charging solely by the hour with no planned budget will often, at best, give you a rough estimate “I expect somewhere between $150,000 – $200,000.” Who bears the risk if that estimate is wrong? You, the business owner. We decided to change that.
Our job as lawyers is to guide you and your business through the process and help you predict the likelihood of a given outcome and what that might cost you. Why is it that your lawyer can’t tell you how much his fees are going to be? Here’s a hint: Its really hard to estimate the various tasks and scope of a case at the outset, or even how long the case will go (will it settle, will it go to trial, will it get dismissed early?). Hourly billing thus became the default for all cases. For many cases it is the best way to measure the value provided, but we thought another way had to be feasible. That is why we developed our transparent pricing model for business litigation.
The Development Process
We found a way to take the decades of experience and mountains of data to develop a pricing model that makes the costs for the litigation process transparent.
Eliminate Surprises so you can focus on your goals rather than litigation costs
With transparent pricing, you’re better positioned to negotiate your dispute.
If hundred million dollar construction projects managing years of work and thousands of people can be broken down and negotiated through a bid process, there is no reason that lawyers can’t take their knowledge, data, and experience and output predictable pricing for your business lawsuit. No one is in a better position than your lawyers to calculate the likely costs. At the end of the day, you want clear outcomes without the surprises.
The reality is, we have to look at a lawsuit like any other business transaction. That process starts with knowing what your costs will be, which we can now provide through our Transparent Litigation pricing model.
With a Transparent Fee established you are in a powerful position to negotiate your dispute. Unlike the other side, you know exactly what your litigation will cost and thus can make an informed decision for resolution. When we assess what you want to accomplish, keep your ultimate business goals in mind, and resolve your dispute as quickly as possible for the best possible outcome, we can focus on how to best gain that necessary leverage to resolve the dispute.
SO HOW DOES IT WORK?
MATH AND DATA: IT’S THAT SIMPLE
Utilizing years of data and our own algorithm, we determine a truly transparent budget for your case. We went back through years and years of data for our cases, breaking them down into data that the computer could consume, listing out key tasks, how far the case went, the amount in controversy, etc. We then partnered with a local firm, Neighborhood Analytics, LLC and their data scientist to develop a machine learning algorithm that would allow us to provide customized transparent business litigation quotes for each new case. The more we use it, the more accurate it will get as we feed more data back into the program to continue to refine our results and improve our model. See a comparison of actual hourly cases v. transparent pricing.
This is not a menu of prices for tasks, or some kind of one-size fits all. We will provide a customized quote for each customer and each matter. We will sit down and meet with you to discuss your matter, the expected scope, the amount in controversy, and the main issues involved. From there we will put together a unique quote for your matter all the way through trial. Payment obligations will be broken up into phases throughout the process, meaning that you still maintain the benefit of settling your case before trial while getting the upside of knowing there is an absolute cap on your legal fee exposure. We have worked hard to minimize any change orders or adjustments that might be necessary. To learn more about how this model could work for your case, contact us for a FREE consultation ›
A fresh perspective: Move the focus back to your case.
What most businesses want is a quick and decisive resolution to their dispute. Everyone understands they can’t win every lawsuit, but they can manage them efficiently, cost-effectively, and intelligently. Because our fee structure is split into phases, you get the best of both worlds: the certainty of price and the ability to budget your litigation costs, all while still retaining the benefit of early resolution of your case. Our system aligns our interests with our clients. Working on a transparent pricing structure means we are free to employ whatever tactic best gets the job done, regardless of price, and instead focus on what matters: get your case resolved as quickly and efficiently as possible.
GET YOUR FREE CONSULTATION
Learn more about Business Litigation and get a better idea of what is involved in a Civil Law suit process. For further questions, contact us for your FREE Consultation by filling out the form below or via phone (414) 271-3400 or via e-mail litigation@hallingcayo.com