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BP Lawyers will determine the service fees subjected to the nature of each matters whether hourly rates or other preference of billing fee structure that is more suitable for client needs.

We believe in an open discussion with our clients regarding the expected and ongoing costs of a transaction matter, as well as helping clients to manage the costs and achieving their objectives.

The following are the most prevalent types of fee structure in BP Lawyers:

A. Hourly Fee System. This is the most common method by which our office charges fees to clients. Under this system we charge clients for the actual time spent by our lawyers that are assigned to the case. Currently the hourly charges of our lawyers are:

B. Project Fee System This system would be beneficial to the client for transactions that are normally standard and can be readily quantifiable. In this system we would quote a lump sum fee for the whole project with details of the scope of works covered. Any work beyond the scope of work or time beyond a capped limit would be charged separately. In order to set on appropriate lump sum fee, we would firstly have to know the scope of work required by the client.

C. Retainer Fee System In this system the client pays us a fixed retainer monthly/annually, which will allow the client to utilize our services up to a pre-set time limit during the retainer period. Any time beyond the set limit will be charged additionally based on the applicable hourly fees of the lawyers handling the case (however with a pre-agreed discount). This system will provide the client with substantial savings if we are utilized effectively. More details for of the retainer arrangement will be set forth in the retainer agreement. Please note that all the fee systems above require the client to pay out-of-pocket expenses (e.g. traveling, long distance calls, photocopies, faxes, etc.).

It is important to note firstly that BP Lawyers has a record of evaluating and implementing alternative billing structures for complex transactional matters. Therefore, we can surpass theoretical discussion whether an alternative billing structure would be appropriate for our clients’ matters.