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Value & Pricing

Transparency is the bedrock of how we conduct business at LP.

This extends to the design of our pricing approach. Every engagement is customized to the needs and objectives of our clients. But what never changes—from client to client, attorney to attorney, or case to case—is our commitment to an unparalleled experience and value.

Five pillars of pricing

1
We accept that not all clients are right for us and that we are not right for all clients.
2
The price will follow the scope of work.
3
Knowledge is key. We invest time up front to truly understand our clients and the engagement at hand.
4
One size does not fit all. 
5
Real value is realized at the intersection of pricing, process efficiency, and project management.

Determining hourly rates

We often find that pricing by project and matter makes the most sense for our clients, but hourly rates are appropriate in some cases. In those scenarios, our rates are as follows:

$185–$420

for paralegals and support staff

$420–$660

for associates and senior counsel

$485–$1,010

for partners and of counsel

Rates for each LP team member are based on:

  • Market value and competition
  • Types of clients and client relationships
  • Level of experience
  • Demand for time
  • Cost base

Rates are not determined by:

  • Law school class year
  • Across-the-board percentage increases

Types of Fee Structures

There are many ways to structure our fee arrangements, and we’ll work together with you to determine the best fit for your needs. Whatever model we adopt for a given engagement, you can rely on our unwavering dedication to outstanding and innovative client service.

Time-based (hourly) billing

Description

Fees based on the number of hours worked on a given project

Benefit to clients

An expected, common form of billing

Flat fees for repetitive and/or high-volume work

Description

A menu of services with corresponding prices

Benefit to clients

Predictable cost

Hybrid

Description

Different rates and/or pricing structures based on predetermined thresholds 

Benefit to clients

Allows client to invest in more opportunities by providing reasonable risk-sharing at key points in a transaction

Mixed rates

Description

Different rates for different types of work; for example, standard rates for corporate work, but discounted rates for litigation

Benefit to clients

May be able to pay less in fees for costs that cannot be passed on to customers or to other units; accessibility to counsel at a lesser cost

Volume-based discounts

Description

Per matter/component price decreases once certain volume thresholds are met; typically requires periodic reconciliation

Benefit to clients

Efficiency from increased exposure to similar work and cost predictability

Monthly retainer

Description

A set monthly retainer for unlimited access to legal counsel within a predetermined scope

Benefit to clients

Predictable costs

Success fees

Description

Used in shared-risk situations; LP receives a premium for key milestones in exchange for accepting an agreed-upon level of risk to achieve the milestone

Benefit to clients

Client does not absorb all risk

Working with LP.

Open and timely communication guides every LP client relationship. We listen to your needs, respond to your questions, and keep you in the loop as situations evolve. We schedule regular check-ins via in-person meetings, phone calls, and email, and seek your input and feedback along the way.