Depending on your legal needs, there are a few different fee structures that might provide for the most economical representation for your situation. Franchisee lawyer Jeffrey M. Goldstein explains.
At the Goldstein Law Firm, we represent current and prospective franchisees in all franchise-related legal matters. This includes providing advice on the legal implications of franchise agreement language, negotiating franchise agreements, and protecting franchisees in disputes and litigation.
When new clients contact us, they understandably want to know: How much does it cost to hire a franchise lawyer? While each circumstance is unique, the following is a breakdown of three of the typical fee structures we offer when representing current and prospective franchisees:
Three Typical Legal Fee Arrangements for Franchisees:
1. Fixed Fees
The first option is a fixed-fee arrangement. This is just like it sounds: You pay one flat rate that is determined up front for our legal services. As a result of our extensive experience evaluating franchise opportunities, at Goldstein Law Firm we are frequently able to offer fixed fees for Franchise Disclosure Document (FDD) and franchise agreement reviews.
In most cases, we offer three fixed-fee packages:
- Fundamental Review of the Franchise Agreement and FDD
- Detailed Review of the Franchise Agreement and FDD
- Detailed Comprehensive Review of the FDD and Negotiation of the Franchise Agreement
Learn more about our fixed-fee packages for franchise opportunity reviews.
2. Hourly Rates for Franchise Lawyer Fees
The second option is an hourly rate. This is a sort of “pay-as-you-go” option where you pay for the time our attorneys spend advising you on your franchise agreement or representing you in your franchise dispute. As a boutique law firm, we are able to offer hourly rates that are substantially lower than those offered at the bigger law firms—where most attorneys are not experienced in the unique issues involved in franchise agreement negotiations or complex franchise litigation.
3. Modified Contingency Fees
The third option we offer is what is known as a “modified contingency fee.” With a pure contingency fee, your attorney only gets paid if you achieve a favorable outcome in your dispute (contingency fees are not available for transactional matters such as franchise opportunity reviews or franchise renewal negotiations). Depending on how far into the process your case settles – or if your case goes to court – your attorney receives a percentage of either your financial settlement or the damages you are awarded at trial.
With a modified contingency fee, you pay a mixture of a reduced hourly rate and (if your case is successful) a reduced percentage of your financial recovery. Depending on the nature of your franchise dispute, a modified contingency fee can be a cost-effective solution for enforcing your legal rights.
Goldstein Law Firm | 30+ Years of Experience Serving Franchisees Nationwide
If you would like more information about the fees options we offer at the Goldstein Law Firm, please feel free to contact our offices. With over 30 years of legal experience, attorney Jeff Goldstein represents current and prospective franchisees nationwide. For a free consultation regarding franchise attorney fees or any other franchise-related issues, please submit our online request form or call 202-293-3947 today.