How We Charge
We understand that the budget is tight when you are starting up a business, so we have structured our fees and billing procedures with that concern in mind. Our goal is to be transparent in our billing practices and to avoid surprises for our clients along the way.
Alternative Fee Structures
Standard Hourly Rate and Discounted Rate for Start Ups
We generally charge $275 per hour for our legal services. We have set our rate at the lower range for lawyers with our expertise and background in order to address our clients’ budget concerns. That said, we use a “value billing” system in conjunction with our hourly rate, which means that we review our hours each day and frequently adjust our billings down (never up) to reflect the actual value we added for each client that day.
As of September 1, 2017, we are offering our services to start-ups at a 20% discount from our standard rate. For this purpose, we are defining start-ups as for-profit business enterprises in existence for two years or less.
Although we are pleased to represent Oregon cannabis businesses with respect to non-OLCC matters (i.e., business structure, securities law compliance and general contracting), we charge our time at $300 per hour due to the additional risk with cannabis representation, with no discount for start-up cannabis businesses.
We can offer fixed-fee arrangements for much of our work. In order to do work for a fixed fee, it is critical for us to understand our client’s objectives and the factual background of a particular matter. Once we have that information, we work with our client to establish the scope of work for which we will charge a fixed fee.
Fees for Negotiated Transactions
In matters that involve negotiations with third parties, we charge for our services at our standard hourly rate (subject to the value billing limitations described above) because it is difficult to predict the length or complexity of the negotiations. That said, on request we will provide information to a client on the range of charges we have seen in similar types and sizes of transactions. In some cases, we may be able to provide estimates for each phase of a transaction.
Forms of Payment
We accept checks, cash, Mastercard, Visa or Discover Card as payment for retainer deposits and invoices.