Saturday, April 2, 2022

The right way to Slashed Ones own Corporation's Legal Cost While not Agreement.


What is Legal retainer-ship?

In today's complex legal environment the corporate entities and professionals must be careful in all the commercial dealings, communications, agreements and contracts. This is because any communication can be considered as a contract or not a binding contract by judicial forums in a later stage when litigation reaches courts. These kinds of communications include appointment letters, suspension letters, removal letters, email communications, statutory notices, answer notices, warning letters, letters notifying delays, letters expressing disagreements etc., The stakes atlanta divorce attorneys dealing today can be very high. Moreover certain actions need to be taken inside a particular time frame otherwise negative inferences may be drawn by the courts in later stages. In such a situation, companies choose to activate a law firm with multi-discipline experience and international experience of advise them in their day to day legal issues. This kind of arrangement helps the firms to get qualified advice under one roof in a pre-determined cost for the services what they are going to avail from that firm. Law-Senate law firm is serving many companies on "Annual retainer-ship basis" which supports the firms to get quality legal consultation without worrying all about the bills, since the fee is fixed in advance for annually, on the basis of the budgeted work load for all non-litigation work. Later even when the work load increases the determined fee won't be changed within that one year period.

How Law Firm Legal Retainer Ship will facilitate You

You can find few facts you need to find out about Law Senate Legal Retainer Ship, that may clear you why legal retainer ship should 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, answering 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 varied branches of law. The Firm also allots a dedicated lawyer for ensuring customer friendly communication and effective service. The clients may use email, courier or personal consultation to get their issues resolved. For instance 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 will get the response and comments of the relevant lawyer and inform the client within the pre-fixed time. Hence the specialty of the entire process is the customer friendly, good quality, swift and affordable administration of the required legal services. The said fixed annual fee is excluding Litigation, arbitration, drafting of contracts and appearance before authorities and tribunals. The aforementioned said fixed fee isn't uniform for all, it is finalized after estimation of work and how big the Company.
  • Litigation & Representation Services in pre-determined fee schedule: The Firm will handle virtually 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 come 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 this firm can help the clients to cut their legal costs.
  • E-reporting and online storage: It's very difficult for the Companies to get them updated about the pending cases from the old-style lawyers. But Law-senate law Firm sends periodical (Weekly/ monthly) reports about the pending cases and matters to every one of its client. The Firm also gets the facility of e-storage of documents, even yet in a later stage after many years, the firm can supply copies of the documents from its e-storage points. Since law-senate is a contemporary law firm with all modern facilities and technology it serves its clients with Zero error quality.

Conventional Legal counsel Models:
Earlier Companies used to appoint independent lawyers and pay them separately for consultations, settling legal documents, legal documentation and appearance in a variety of 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 in their endeavor to cut legal costs ended up in inferior and un-professional legal services which triggered losing of cases etc.,

Appointing in-house counsel or law officers:

To handle above said legal matters some companies decide to appoint their own in-house counsel or law officers. The appointment of in-house counsel or law officers may improve the problem but won't lead fully solution for the following reasons:

  • Appointing experienced law officers is very costly in the present salary market. Hence small, medium companies and professionals can afford only a newly graduated or less experienced in-house counsel. This kind of less experienced person might be doing only the co-ordination work between independent lawyers and the company.
  • Even when experienced individuals are appointed they will have their expertise in a few fields of law only. Hence they should consult independent lawyers on one other issues. Independent consultation is again an expensive matter and finding the correct lawyer is really a challenging job.

Appointing Independent lawyers as consultants:

Law is a sophisticated field which keeps growing every day. You can find so-many divisions of law and hence no lawyer can claim that he or she is aware of all divisions of law. Moreover independent lawyers won't have the ability to ensure the good quality of service as a result of limitations in infrastructure, facilities, staff etc.

Benefits of legal retainer-ship:

Even though there are many advantages for the tiny, medium industries, Professional organisations, hospitals, educational Institutions, NGOs, charitable Institutions etc., in following a legal retainer-ship model compared to the conventional legal adviser model, the following are the important ones,

  • Legal counsel on multiple legal subjects from experts under one roof
  • Unlimited non-litigation services
  • Litigation services on a unique fee schedule
  • Annual customized fixed fee for unlimited consultation and documentation services
  • Dedicated lawyer for every single client
  • E-document facility
  • Periodical reporting about the pending matters

Who is going to be benefited from Legal retainer-ship Model?

Large companies may appoint their own team of experienced in-house counsel supported by law officers and para legal staff because of the higher volume of legal work. Additionally they engage big size law firms and purchase each service separately because they might not bother about the legal expenditure. But the following kinds of Companies and Institutions is going to 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 a nutshell legal retainer ship is great for those organizations who're not enthusiastic about spending money for legal departments or permanent legal counsel of each practice area of Law. If you have any query about legal retainer ship then you can certainly ask anytime.

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