tag:blogger.com,1999:blog-222799778536830505.post2987723766712472925..comments2010-01-15T00:15:08.462-08:00Comments on Freeland Benevich PLLC: Out with the billable hour?Jeremy Freelandhttp://www.blogger.com/profile/16865542304066437575noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-222799778536830505.post-32518537279193335562009-07-16T01:52:19.134-07:002009-07-16T01:52:19.134-07:00Jeremy, I have just, with some trepidation, quoted...Jeremy, I have just, with some trepidation, quoted a flat fee on an asset purchase transaction. This grew out of the client not wanting to do a deal where the transaction costs might represent proportionately too much of the total deal value. It was very interesting, to focus on, and communicate to the client, what assumptions were inherent in the flat fee making sense. But it was a collaborative process, too, insofar as the client was motivated to simplify. We'll see how it goes. Because it is an asset deal, I think there should be fewer surprises or permutations than in a merger, share exchange, etc. But we'll see. I've also just quoted another client a monthly retainer for which we will take care of x, y and z as they come up, excepting out financings, M&A events, and lawsuits. Anyway, I'm just wading into these waters and will look to your blog for further ideas. Documenting transactions as efficiently as possible seems to be a common denominator to much of this. Finding the right way to charge for judgment and perspective remains somewhat elusive! --BillWilliam Carletonhttps://www.blogger.com/profile/13671670871423252036noreply@blogger.com