Message from founder Bryan Springmeyer:

We have never understood why clients allow so many law firms to charge strictly on an hourly basis. It creates a financial incentive for inefficiency. If it takes us longer to accomplish the same task, we get paid more. Integrity, reputation, and attorney ethics laws all act to counterbalance that incentive, but from the standpoint of contracting parties, it doesn't make much sense to us.

At this firm, we are familiar with the transactions we engage in, and have the foresight to know what the components are and an estimation of time it would take to accomplish those components if working efficiently. Of course, not all components can be predicted, especially those involving negotiations with other attorneys. There are some elements of representation that we bill on a "traditional" hourly basis. When feasible, however, we like to establish caps on the components of our engagements.

By capping our engagements based on this familiarity, we bear the risk of: (1) our own efficiency; and (2) our foresight and ability to identify the components of the transaction at the outset. By bearing these risks, we feel we realign our interests with the client's.