Flexible Fee Arrangements
Acumum employs ‘lean’ principles in how we work. We keep our costs low, ‘cutting out the fat’, so you are not paying for a prestigious address or unnecessary overheads. By keeping our costs low, we are able to pass on the cost savings to you. We utilise flexible and secure technology and communications systems, thereby speeding up response and turnaround times without compromising your confidentiality.
Our flexible structure allows us to offer a range of fee structures and collaborative relationships to meet our clients’ needs effectively. Our lawyers, advocates & accountants are highly knowledgeable specialists in their fields – committed to providing cost effective, excellent client service.
As your trusted partner, the work that we undertake is always personalised – and focused on achieving our clients’ aims, understanding your industry specific requirements and personal goals.
Long Term Client Relationships
Acumum is an award winning boutique set of legal, tax, fiduciary and accounting firms, located in the tax and fiscal efficient European jurisdiction of Malta. Believing in long-term relationships, we provide holistic, sustainable and practical solutions to clients, whilst being committed to a superb level of client service and flexible legal fees.
We are lean. Like any other successful business, especially in these lean times, we have ‘cut out the fat’ by utilising technology and modern business practices, for instance, we do not pass on our own training costs of junior members, or expensive offices. As a lean service and advisory group, Acumum provides cost-efficient, flexible fee arrangements to our clients.
A senior member of staff will always be appointed as the manager of your matter. For cost control, we use junior members of staff – and always monitored by the senior member – for any work on your matter which we believe is junior or administrative in nature.
Acumum Legal Fees
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.
- 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
- Contingent fee – popularly known as ‘no win no fee’
- Shared savings from litigation management
- Equity – Start –Ups – we might agree to provide legal services, up 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 Letters, Statements and Retainers
Engagement letter
Once we both agree that we will work together, we shall send to you an engagement letter, setting out the work we will undertake on your behalf and the fees that we have agreed upon.
Statements
Acumum prides itself in having transparent relationships with our clients. We issue monthly statements detailing the fees and expenses that have incurred upon your account.
Retainers
We may, in certain cases, require a retainer before commencing work. The retainer is an ‘up front’ payment which is applied as against any fees or costs we may incur upon your behalf. We don’t like costly surprises – neither should you.
Additional Fees – AKA – ‘Disbursements’
The additional costs we shall incur on your behalf are:
- 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.
We’re here to help
Our specialist team is here and ready to help with your matter.