What is Legal retainer-ship?
In today's complex legal environment the corporate entities and professionals need to be cautious in most of the commercial dealings, communications, agreements and contracts. This is because any communication can be viewed as an agreement or not a binding contract by judicial forums in a later stage when litigation reaches courts. These types of communications include appointment letters, suspension letters, removal letters, email communications, statutory notices, reply to notices, warning letters, letters notifying delays, letters expressing disagreements etc., The stakes atlanta divorce attorneys dealing today is also very high lawyer. Moreover certain actions have to be taken within a particular time frame otherwise negative inferences could be drawn by the courts in later stages. In this situation, companies choose to interact a law firm with multi-discipline experience and international experience of advise them inside their day to day legal issues. This arrangement helps the companies to obtain qualified advice under one roof in a pre-determined cost for the services what they will avail from that firm. Law-Senate law firm is serving many companies on "Annual retainer-ship basis" which supports the companies to obtain quality legal consultation without worrying about the bills, since the fee is fixed in advance for a year, on the basis of the budgeted work load for several non-litigation work. Later even if the work load escalates the determined fee will not be changed within that one year period.
How Law Firm Legal Retainer Ship will facilitate You
You will find few facts you should find out about Law Senate Legal Retainer Ship, that'll clear you why legal retainer ship should really be availed:
- Un-limited non-litigation legal Service in fixed cost: The Firm agrees on a fixed annual fee for un-limited chamber legal work including consultation, settling of contracts, settling of legal documents, settling of legal communication, labor related documentation, employment related documentation, issuing legal notices, giving an answer to legal notices, arbitration notices, demand notices etc., The Firm has lawyers from various branches of law in its panel and in-house to respond to the consultation requests from the clients on issues arising out of various branches of law. The Firm also allots a dedicated lawyer for ensuring customer friendly communication and effective service. The clients can use email, courier or personal consultation to obtain their issues resolved. As an example in case there is settling of legal documentation, the client can email the proposed draft of the document to the firm's dedicated lawyer. The dedicated lawyer can get the response and comments of the relevant lawyer and inform the client within the pre-fixed time. Hence the specialty of the whole process is the consumer friendly, good quality, swift and cost effective administration of the mandatory legal services. The said fixed annual fee is excluding Litigation, arbitration, drafting of contracts and appearance before authorities and tribunals. The above mentioned said fixed fee is not uniform for several, it is finalized after estimation of work and how big is the Company.
- Litigation & Representation Services in pre-determined fee schedule: The Firm will handle nearly all kinds of litigation, arbitration and appearance before authorities in a predetermined fee schedule on case to case basis. The lawyers of the Firm regularly appear in Supreme Court of India, High courts, Competition Commission of India, Consumer Courts, National Consumer Commission, EPF Appellate Tribunal, Company Law Board, Electricity Tribunal, Mines tribunal, Petroleum tribunal, Civil Courts, Criminal Courts, Central Excise & Tax authorities, Revenue authorities etc., The Firm charges special reduced rates for the clients who engages the firm on annual retainer-ship basis. Hence this arrangement with our firm may help the clients to cut their legal costs.
- E-reporting and online storage: It's very hard for the Companies to obtain them updated concerning the pending cases from the old style lawyers. But Law-senate law Firm sends periodical (Weekly/ monthly) reports concerning the pending cases and matters to all of its client. The Firm also has the facility of e-storage of documents, even yet in a later stage after several years, the firm can supply copies of the documents from its e-storage points. Since law-senate is a modern law firm with all modern facilities and technology it serves its clients with Zero error quality.
Conventional Legal services Models:
Earlier Companies used to appoint independent lawyers and pay them separately for consultations, settling legal documents, legal documentation and appearance in various Courts and tribunals. This model gives surprises and financial strain to the Companies since the expenses under legal heads are neither predetermined nor pre-budgeted. Hence the Companies inside their endeavor to cut legal costs ended up in poor and un-professional legal services which triggered losing of cases etc.,
Appointing in-house counsel or law officers:
To take care of above said legal matters some companies choose to appoint their very own in-house counsel or law officers. The appointment of in-house counsel or law officers may improve the specific situation but will not lead to the full solution for these reasons:
- Appointing experienced law officers is very expensive in the current salary market. Hence small, medium companies and professionals can afford only a recently graduated or less experienced in-house counsel. This kind of less experienced person may be doing only the co-ordination work between independent lawyers and the company.
- Even though experienced folks are appointed they'll have their expertise in a couple of fields of law only. Hence they should consult independent lawyers on the other issues. Independent consultation is again a costly matter and finding the correct lawyer is just a challenging job.
Appointing Independent lawyers as consultants:
Law is a sophisticated field which keeps growing every day. You will find so-many divisions of law and hence no lawyer can declare that he or she is aware of all of the divisions of law. More over independent lawyers will not have the ability to ensure the good quality of service due to limitations in infrastructure, facilities, staff etc.
Benefits of legal retainer-ship:
Even though there are numerous advantages for the small, medium industries, Professional organisations, hospitals, educational Institutions, NGOs, charitable Institutions etc., in following legal retainer-ship model compared to the conventional legal adviser model, these will be the important ones,
- Legal services on multiple legal subjects from experts under one roof
- Unlimited non-litigation services
- Litigation services on a special fee schedule
- Annual customized fixed fee for unlimited consultation and documentation services
- Dedicated lawyer for every single client
- E-document facility
- Periodical reporting concerning the pending matters
Who will be benefited from Legal retainer-ship Model?
Large companies may appoint their very own team of experienced in-house counsel supported by law officers and para legal staff in view of these higher level of legal work. They also engage big size law firms and purchase each service separately because they could not bother concerning the legal expenditure. But these kinds of Companies and Institutions will be greatly benefited by legal retainer-ship model,
- Medium and small size companies
- Distributing Companies & Agencies
- Hospitals
- Private educational institutions
- Schools & Colleges
- FDI partners
- BPOs and Call centres
- NGOs and charity organisations
- Professionals & Consultants etc.,
In short legal retainer ship is helpful for those organizations who are not enthusiastic about spending money for legal departments or permanent legal counsel of each practice section of Law. When you have any query about legal retainer ship then you can ask anytime.
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