Billing philosophy
We believe clients should pay for excellent legal work – not the overhead of a traditional large law firm. Our model enables us to provide accurate and sophisticated advice while working promptly and efficiently. Our rates are significantly lower than typical Big Law rates, which reflects our team composition and tooling.
Current hourly rates
Our current hourly rates are:
Title |
Hourly Rate |
|---|---|
Partner | $640 – 700 |
Counsel | $500 – 640 |
Paralegal | $150 – 250 |
Support Staff | $50 – 150 |
Our rates are reviewed periodically and may change from time to time. The rates shown on this page are our current rates and apply to services performed while they are in effect.
We typically base our fees on the hours devoted by the attorneys, paralegals or other professionals who perform the work, multiplied by their guideline hourly rates. Hourly rates vary depending on seniority and specialization. The amount we actually charge for our services may be adjusted to reflect a variety of other factors, including any unusual time constraints or other special demands imposed by the engagement, the novelty or complexity of the issues raised, efficiencies achieved, the amounts involved and the particular results obtained on our client’s behalf.
Flat fees
We currently charge the following flat fees for certain common services:
Section 83(b) election tax filing: $250
Legal opinion: $5,000 (sometimes requested by venture capital investors in connection with a preferred equity financing)
Invoices
We send one-line invoices each month by default. Upon request, we are happy to review work for the month and provide detailed itemization at no expense.
Questions?
We want you to feel confident that you understand how we bill. If you have a question about our rates or an invoice, please contact us.
Thank you for partnering with Cedar Grove.