Flat-Rate and Contingency-Fee Compensation for Legal Consulting: An Innovative Billing Approach for the Legal Profession
➤ The FareWell team has opted for a unique billing model, believing that our value lies in the relevance of our expertise—not in the time spent.
➤For LITIGATION cases involving the tax authorities, our fees are based on the outcome, calculated as a percentage of the tax refund obtained—which is standard practice.
➤ Less commonly, when the team provides CONSULTING services, we offer a flat fee combined with a success fee.
- FareWell charges a flat fee to review the case and identify optimization solutions tailored to the client’s objectives and circumstances.
- Once the plan has been approved, FareWell calculates the client’s gain resulting from the plan compared to the client’s initial situation (a percentage ranging from 5 to 7% of the client’s gain, excluding tax, depending on the situation).
➤ Our clients also benefit from our tax guarantee: we defend our tax planning strategies at no additional charge (as part of our success-based fee structure) in the event of a request for information or a proposed adjustment from the tax authorities.
➤ When a success-based fee is not applicable, Farewell may offer a “satisfaction-based” fee, the amount of which is set at the beginning of the assignment and is left to the client’s discretion.
Beyond these compensation practices lies the firm’s entire philosophy: we believe in the value of our work, and we support our clients every step of the way.
