Bespoke offers the latest innovations in value based pricing to provide you with certainty, transparency and cost-effective alternatives. These include fixed pricing, retainer pricing and success pricing. These alternatives represent a realistic approach to quantifying value. We want the client to be in control of the price of our legal services and we will work with you to achieve cost certainty.
Our pricing model is a core competency of the firm. It’s part of the way we do business. The pricing model is proprietary to Bespoke. It is predictable, innovative and multi-dimensional – welcome to our pricing model, D.cubed.
The traditional hourly rate billing method has a tendency to create barriers between lawyers and clients, to compromise relationships, and to create misaligned and competing priorities. Bespoke is committed to changing the legal landscape based on its value based pricing strategy. We sell intellectual capital rather than bill time. Put simply, you pay for the value you receive.
The D.cubed methodology is built on three foundations:
D.cubed – our value based pricing model offers a range of flexible options to best meet business, transaction or project specific requirements including the following options:
a. Fixed Pricing
In pursuit of transparency and certainty, we match the value of the task with a fixed price. We have heavily invested in project management to ensure that the scope of work is clearly defined and articulated before price is agreed. Whilst within the defined scope of work, we do not deviate on price and we honour our matched price. This may include:
Uniquely, Bespoke offers fixed prices for:
b. Retainer Pricing
Our retainers can capture all legal resourcing, day-to-day requirements or otherwise be limited to specific workflows. This can be a “permanent”, ongoing, or temporary arrangement (examples of where temporary retainers may be adopted includes to cover for a leave of absence, specific transaction or overflow of work) depending on requirements. The retainer model ensures budgetary certainty and is calculated to equate to the average value of the legal work over a prolonged period, thereby smoothing out the peaks and troughs. This may include:
c. Success Pricing
With these innovative price structures we may combine the fixed or retainer fee with an upside component payable only for a successful result. Success based pricing rewards efficiency and outcome. Your success is our success.
Read more to discover:
We provide support in whatever form will best meet your needs.
We manage matters from start to finish without handoffs or escalations.
We offer flexible fee arrangements, value based pricing and don’t watch the clock.
We can quickly scale our service to match your changing needs.
We are a virtual law firm with lower overheads.
Urgent time lines? We work to your time frames, not ours.