The Wall Street Journal Reports that many law firms have begun offering flat monthly fees to their business clients. Done correctly, these type of arranagements can be advantageous to the client and the firm. I have worked with several companies in this way for several years and prefer to charge flat fees for many different services including Iowa incorporations and LLC formation and franchise review services.
My philosophy is that most business clients would prefer to know how much something is going to cost them rather than be surprised by an hourly bill where the lawyer took much more time than the client expected.
What do you think?