SETTING LEGAL FEES
There are three methods of setting fees: time-based, flat-rate and performance fees.
TERRÉSA ‘s fees are, in principle, calculated on the basis of time-spent, for an hourly rate ranging from €150 excluding tax to €300 excluding tax, depending on the experience and field of competence of the lawyers and collaborators working on the assignment, an hourly rate to which should be added VAT (20% rate).
To the extent that the due diligence to be performed can be identified and the time taken to complete it quantified, a fixed fee is proposed.
For some missions, a result fee may be established, which includes:
- A fixed fee in the form of a flat-rate or hourly rate, corresponding to the remuneration for the services provided;
- An additional fee based on the result obtained, very often in the form of a percentage.
Additional fees may be requested, in agreement with the client, in view of the time required to complete the project, the complexity of the case or the result obtained.
In the event of a client’s decision to terminate the firm’s assignment, the fees are due according to the time spent on the work already carried out.