Legal services are expensive, so the real question is how best to manage your legal costs.
To assist entrepreneurs and businesses manage legal their legal costs, Vaddrick primarily engages in alternative billing methods instead of the traditional hourly fee. Alternative billing methods generally take the form of flat fees, with clearly defined scopes of work, and phased fees, again with clearly defined scopes of work. A phased fee is a type of flat fee where each phase of a project or matter is priced separately. The scope of work is a detailed description of the work to be performed, and more importantly the work that will not be performed. In addition, there are never any fees for routine expenses such as long distance calling, faxes, photocopies, and postage.
For clients desiring a long term and ongoing relationship, which is recommended and more cost effective, Vaddrick offers a yearly General Counsel Plan which includes a comprehensive offering of predetermined services at a fixed yearly price.
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