Retainership

BASIC ADVANTAGES OF MONTHLY LEGAL RETAINERSHIP

Business Houses have always worried about legal fees when engaging lawyers for a specific work. Questions mainly on costs come to the fore.

• “Will the lawyer charge for the initial consultation?”
• “Am I going to be charged by the hour when I call my lawyer?”
• “Whether we would be charged for every separate legal advice sought?
• “The company needs a simple contract prepared; do we have the budget for it?”

In situations like these, you may want to consider engaging or retaining a lawyer on a monthly basis to MANAGE and ADVISE your business on all the legal aspects. When a lawyer is retained, it will usually be for a determined scope of work, ranging from drafting multiple contracts per month or even providing advice based on a fixed number of hours per month, but this can always be customized to suit you at your needs.

When an Individual or Business House or Commercial Establishment has retained a Lawyer, this arrangement will allow for the Individual or Business House or Commercial Establishment to have someone to turn to when in need of legal services. It could be a quick telephone call to verify something or drafting a contract which could be covered under the monthly retainer fee. To have the knowledge that you can speak to a lawyer without having to worry about paying by the hour provides an added level of security to a business.

Another advantage is that it is cheaper to retain a lawyer on a monthly basis than it is to only engage a lawyer when required. For one, a returning customer is bound to be more favorable to a lawyer and the rates would be more favorable as well. Also, retaining a lawyer will be cheaper in the long run as the lawyer can hand-hold and guide the business to ensure risks are mitigated early on as opposed to having the need to bring a dispute to court, which would undoubtedly incur additional cost & time.

Retaining an external lawyer will also save other costs such as EPF and other contributory expenses as the retained lawyer will not be an employee of your business and you would not have to worry about employee benefits and or termination rights. This will give the business the flexibility it needs instead of hiring someone as an in-house legal counsel.

Your business can better plan its financials as you would be able to take into consideration the costing for a monthly legal retainer and not have to unexpectedly make payment for an unexpected amount of legal costs, which would definitely hinder the cash flow of a business.

For more DETAILS you may please GET IN TOUCH withLEXSOLVISby e-mailing us (lexsolvis@ gmail.com) or through text or on mobile (+91 9999 000 772) if you would like to know more as we have experienced lawyers who are engaged as Outside General Counsels and External Legal Advisors for start-ups, and SMEs and even MNCs. The details of benefits & scope of work are mentioned below.

RETAINER SERVICES OF LEXSOLVIS:

SCOPE OF WORKS by the LEXSOLVIS on RETAINERSHIP basis

Our provision of services shall be as follows:

• Rendering Legal Advice (Oral & Written) to the company/ Business Houses/ Commercial Establishments / Firms / Individuals.
• Drafting & Sending LEGAL NOTICEs, SHOW CAUSE NOTICEs Etc. on behalf of beneficiary company/ Business Houses/ Commercial Establishments / Firms / Individuals.
• Representing & Appearing or PROSECUTING in Matter / Cases/ Suits / Complaints filed by the company/ Business Houses/ Commercial Establishments / Firms / Individuals or DEFENDING on behalf of the company/ Business Houses/ Commercial Establishments / Firms / Individuals before any COURTs / TRIBUNALs / COMMISSIONs / JUDICIAL OR QUASI-JUDICIAL AUTHORITIES ETC. as and when required on mutually agreed Professional Charges & Fees on Concessional basis.
• Legal Drafting & Vetting of Contracts or Documents.
• Legal Scrutiny & Examination of Employees working with the company or business establishment as well as scrutiny of Title Documents.
• Legal Drafting of Templates, Vetting of Deeds, Tenders, LOI, LOA, RFPs, Expression of Interest, Bid Documents, Agreements, MOUs, Conveyance Deeds etc
• Vetting and Filing of PLEADINGS, COUNTER AFFIDAVITS, REPLIES, COMPLAINTS and LEGAL ASSISTANCE in CRIMINAL INVESTIGATIONS ETC.
• Attending MEETINGs of INTERNAL Committees, Disciplinary Bodies or Assembly; as and when required.
• Any other Work of LEGAL NATURE or Legal advice for matters arising during business operation of Clients which are assigned from time to time on mutually agreed terms & payments.
• Updating about the latest Legal Developments related segment / sector of the concern Business house or any other relevant Laws
• Reviewing and/or preparing and finalizing drafts of communication between the Client’s company, its Director and its partners, customers or competent authority.
• 12. Representing Client before and liaison on their behalf with the Competence Authorities or individuals, organizations as authorized Legal Representative.
• Provide regular and timely feedback to the Management; be proactive in the identification and resolution of issues that may have an impact on the company/ Business Houses/ Commercial Establishments / Firms / Individual’s finances and reputation
• Proper Litigation Management at a PAN India & Overseas basis with prime focus on to mitigate the financial risk of the organization as well as protection to the company against any legal repercussion. Liaison with the law firms for litigation matters viz. complaint cases, Food Matter, Legal Metrology Matters, Consumer, Civil, Trademark infringements, FIR, Defamatory Suits etc.
• Develop creative approaches to managing legal risks and resolving disputes

Performance of Services:

• The working relationship betweenLEXSOLVIS and Client shall be based on the premise thatLEXSOLVIS shall act as the legal division of Client and the communication for different services shall be either in any or all of the following form:
  By Email;
  By Telephone and/or by Video Conferencing;
  By Direct or Personal Physical Meeting
• BothLEXSOLVIS and Client agree that at no point of time the Services Performance provided byLEXSOLVIS create an employer-employee relationship between the Consultant or Lawyer entrusted byLEXSOLVIS (hereinafter referred to as “Legal Consultant”) and Client. The Consultant shall have no right to receive any employee benefits. The working hours of the Legal Consultant with Client shall be mutually determined and shall be reasonably enough to cover all the obligations towards Client & suitability of the Legal consultant.
• The service charges ofLEXSOLVIS are applicable to, though it is not limited to, telephone calls, correspondence, e-mails, meetings, legal analysis and research, review and drafting of documents, depositions, conferences and travel. Client shall not be typically charged for occasional calls which would last for a few minutes.
• All the meetings shall be fixed by appointment and bothLEXSOLVIS and Client shall stick to the schedule. In case of any cancellation, an advance notice of minimum 12 hours shall be adhered. Missed meetings or cancellations without sufficient notice will be billed to Client.
• Client shall appreciate that LEXSOLVIS is a law firm providing legal services with many other clients and therefore Client shall provide a reasonable, fair and realistic notice to LEXSOLVIS for their requests and projects. In case of an emergencyLEXSOLVIS will arrange reasonable time to prioritizethe Customer’s request. However, LEXSOLVIS may need a reasonable time to collect, exchange detailed clarification of projects in order to meet expectations and provide the best support and highest quality work.