Ways to Trim A person's Organization's Legal Cost Without the need of Endanger.

What is Legal retainer-ship?

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

How Law Firm Legal Retainer Ship will facilitate You

You can find few facts you must 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 answer 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 may use email, courier or personal consultation to get 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 are certain to 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 customer friendly, top quality, swift and affordable administration of the required legal services. The said fixed annual fee is excluding Litigation, arbitration, drafting of contracts and appearance before authorities and tribunals. The above mentioned said fixed fee isn't uniform for all, it's finalized after estimation of work and how big is the Company.
• Litigation & Representation Services in pre-determined fee schedule: The Firm will handle nearly all forms 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 your firm can help the clients to cut their legal costs.
• E-reporting and online storage: It is very burdensome for the Companies to get them updated about the pending cases from the old-style lawyers. But Law-senate law Firm sends periodical (Weekly/ monthly) reports about the pending cases and matters to each of its client. The Firm also has the facility of e-storage of documents, even in a later stage after a long time, 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 considering that the expenses under legal heads are neither predetermined nor pre-budgeted. Hence the Companies within their endeavor to cut legal costs ended up in low quality and un-professional legal services which resulted in 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 own in-house counsel or law officers. The appointment of in-house counsel or law officers may improve the specific situation but will not lead fully solution for the next reasons:

• Appointing experienced law officers is very expensive in today's salary market. Hence small, medium companies and professionals are able to afford only a newly graduated or less experienced in-house counsel. This type of less experienced person may be doing only the co-ordination work between independent lawyers and the company.
• Even when experienced people are appointed they'll have their expertise in several 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 really a challenging job.

Appointing Independent lawyers as consultants:

Law is a complex field which keeps growing every day. You can find so-many divisions of law and hence no lawyer can declare that she or he is aware of all of the divisions of law. Moreover independent lawyers will not be able to ensure the top quality of service because of limitations in infrastructure, facilities, staff etc.

Features of legal retainer-ship:

Although there are many advantages for the small, medium industries, Professional organisations, hospitals, educational Institutions, NGOs, charitable Institutions etc., in following the legal retainer-ship model than the conventional legal adviser model, the next will be the important ones,

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

Who will soon be benefited from Legal retainer-ship Model?

Large companies may appoint their own team of experienced in-house counsel supported by law officers and para legal staff because of these higher level of legal work. They also engage big size law firms and purchase each service separately because they may not bother about the legal expenditure. But the next forms of Companies and Institutions will soon 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 ideal for those organizations who are not thinking about spending money for legal departments or permanent legal counsel of each practice area of Law. When you yourself have any query about legal retainer ship then you can ask anytime.