The best way to Slice Ones Company Legal Cost Devoid of Skimp on.

What is Legal retainer-ship?

In today's complex legal environment the corporate entities and professionals must be careful in most of the commercial dealings, communications, agreements and contracts. This is because any communication can be considered as an agreement or not really a binding contract by judicial forums in a later stage when litigation reaches courts. These types of communications include appointment letters, suspension letters, removal letters, email communications, statutory notices, reply to notices, warning letters, letters notifying delays, letters expressing disagreements etc., The stakes in most dealing today can be very high. Moreover certain actions have to be taken in just a particular time frame otherwise negative inferences may be drawn by the courts in later stages. In this situation, companies choose to interact a law firm with multi-discipline experience and international experience of advise them in their everyday legal issues lawyer. This arrangement helps the firms to have expert advice under one roof in a pre-determined cost for the services what they will avail from that firm. Law-Senate law firm is serving many companies on "Annual retainer-ship basis" which helps the firms to have quality legal consultation without worrying about the bills, since the fee is fixed in advance for annually, on the basis of the budgeted workload for several non-litigation work. Later even when the task load escalates the determined fee won't be changed within any particular one year period.

How Law Firm Legal Retainer Ship will facilitate You

There are few facts you should learn about Law Senate Legal Retainer Ship, that may clear you why legal retainer ship ought to be availed:

• Un-limited non-litigation legal Service in fixed cost: The Firm agrees on a fixed annual fee for un-limited chamber legal work including consultation, settling of contracts, settling of legal documents, settling of legal communication, labor related documentation, employment related documentation, issuing legal notices, responding to legal notices, arbitration notices, demand notices etc., The Firm has lawyers from various branches of law in its panel and in-house to react to the consultation requests from the clients on issues arising out of varied branches of law. The Firm also allots a passionate lawyer for ensuring customer friendly communication and effective service. The clients can use email, courier or personal consultation to have their issues resolved. As an example in the event of settling of legal documentation, the client can email the proposed draft of the document to the firm's dedicated lawyer. The dedicated lawyer can get the response and comments of the relevant lawyer and inform the client within the pre-fixed time. Hence the specialty of the whole process is the consumer friendly, good quality, swift and affordable administration of the mandatory legal services. The said fixed annual fee is excluding Litigation, arbitration, drafting of contracts and appearance before authorities and tribunals. The aforementioned said fixed fee isn't uniform for several, it's finalized after estimation of work and how big the Company.
• Litigation & Representation Services in pre-determined fee schedule: The Firm will handle almost all kinds of litigation, arbitration and appearance before authorities in a predetermined fee schedule on case to case basis. The lawyers of the Firm regularly come in Supreme Court of India, High courts, Competition Commission of India, Consumer Courts, National Consumer Commission, EPF Appellate Tribunal, Company Law Board, Electricity Tribunal, Mines tribunal, Petroleum tribunal, Civil Courts, Criminal Courts, Central Excise & Tax authorities, Revenue authorities etc., The Firm charges special reduced rates for the clients who engages the firm on annual retainer-ship basis. Hence this arrangement with this firm may help the clients to cut their legal costs.
• E-reporting and online storage: It is very burdensome for the Companies to have them updated concerning the pending cases from the traditional style lawyers. But Law-senate law Firm sends periodical (Weekly/ monthly) reports concerning the pending cases and matters to each of its client. The Firm also has got the facility of e-storage of documents, even yet in a later stage after several years, the firm can supply copies of the documents from its e-storage points. Since law-senate is a modern law firm with all modern facilities and technology it serves its clients with Zero error quality.

Conventional Legal counsel Models:
Earlier Companies used to appoint independent lawyers and pay them separately for consultations, settling legal documents, legal documentation and appearance in a variety of Courts and tribunals. This model gives surprises and financial strain to the Companies since the expenses under legal heads are neither predetermined nor pre-budgeted. Hence the Companies in their endeavor to cut legal costs finished up in low quality and un-professional legal services which led to losing of cases etc.,

Appointing in-house counsel or law officers:

To take care of above said legal matters some companies elect to appoint their particular in-house counsel or law officers. The appointment of in-house counsel or law officers may improve the situation but won't lead to the full solution for the following reasons:

• Appointing experienced law officers is extremely expensive in the present salary market. Hence small, medium companies and professionals are able to afford only a newly graduated or less experienced in-house counsel. This kind of less experienced person may be doing only the co-ordination work between independent lawyers and the company.
• Even though experienced folks are appointed they'll have their expertise in a few fields of law only. Hence they have to consult independent lawyers on one other issues. Independent consultation is again a costly matter and finding the right lawyer is just a challenging job.

Appointing Independent lawyers as consultants:

Law is a sophisticated field which keeps growing every day. There are so-many divisions of law and hence no lawyer can declare that she or he is aware of all the divisions of law. Moreover independent lawyers won't have the ability to ensure the good quality of service due to limitations in infrastructure, facilities, staff etc.

Features of legal retainer-ship:

Even though there are many advantages for the little, medium industries, Professional organisations, hospitals, educational Institutions, NGOs, charitable Institutions etc., in following the legal retainer-ship model compared to the conventional legal adviser model, the following would be the important ones,

• Legal counsel on multiple legal subjects from experts under one roof
• Unlimited non-litigation services
• Litigation services on a unique fee schedule
• Annual customized fixed fee for unlimited consultation and documentation services
• Dedicated lawyer for each client
• E-document facility
• Periodical reporting concerning the pending matters

Who is going to be benefited from Legal retainer-ship Model?

Large companies may appoint their particular team of experienced in-house counsel supported by law officers and para legal staff because of the higher level of legal work. In addition they engage big size law firms and purchase each service separately because they might not bother concerning the legal expenditure. But the following kinds of Companies and Institutions is going to be greatly benefited by legal retainer-ship model,

• Medium and small size companies
• Distributing Companies & Agencies
• Hospitals
• Private educational institutions
• Schools & Colleges
• FDI partners
• BPOs and Call centres
• NGOs and charity organisations
• Professionals & Consultants etc.,

In a nutshell legal retainer ship is great for those organizations that are not interested in spending money for legal departments or permanent legal counsel of every practice area of Law. When you have any query about legal retainer ship then you can ask anytime.