Legal Fees
and Retainers

Legal fees, as well as fiduciary and other costs, will depend on the jurisdiction you are in, type, nature and work undertaken on your behalf, such as:

• Fixed hourly fees – depending on the nature of the project
• Reduced fees with discretionary or success bonus – usually for long projects of unknown duration
  Declining hourly rate – again, usually for long projects of unknown duration
• Contingency fee – popularly known as ‘no win, no fee’
  Shared savings from litigation management
• Equity – We might agree to provide legal services for startups to a certain amount, in exchange for equity in your company, or convert our deferred fees into equity, so long as the value of the equity is determined in an independent manner

Engagement letter

Once we agree to work together, we’ll send you an engagement letter, setting out the work we’ll undertake on your behalf, and the fees that we’ve agreed upon.

Statements

Acumum prides itself in having transparent client relationships. We issue monthly statements detailing the fees and expenses that your account has incurred.

Retainers

We may, in certain cases, require a retainer before commencing work. The retainer is an ‘upfront’ payment which is applied against any fees or costs we may incur upon your behalf. We don’t like costly surprises, and neither should you.

Additional fees – AKA – ‘Disbursements’

The additional costs we may incur on your behalf include:

• Statutory or application costs, such as government or legitimate, authorised organisational charges, for instance trademark applications
• Extra, requested or necessary charges, such as courier services