FAQ’s – Bishop Law Counsel

FAQs

What types of legal services do you offer?

The firm specializes in a wide range of legal services for businesses, including:

Corporate formation and governance
Mergers & Acquisitions (M&A)
Contract negotiation and drafting
Joint ventures and partnerships
Commercial real estate transactions & leases
Healthcare law and related transactions (including for dentists, veterinarians and optometrists)
General business and transactional matters

Do you offer flat-fee pricing for your services?

Yes, the firm offers flat-fee pricing for certain services, such as entity formation, simple contract review, and certain M&A transactions and deals. This allows businesses to budget more predictably for their legal costs.

What is the difference between flat-fee and billable-hour payment structures?

Flat-fee: A fixed price for a specific service or project. This option is ideal for businesses seeking predictable costs.
Billable-hour: Charges are based on the time spent on your matter. This option is generally used for more complex or ongoing work, where the scope of services may evolve. You will know in advance what the hourly rate will be. The firm will also provide an estimate of the total cost for the matter, and the client will receive regular updates on the time spent and the cost incurred.

How do you determine flat-fee pricing?

Flat-fee pricing is determined by the complexity and scope of the work involved. When used, the firm evaluates your specific needs, assesses the project, and provides a clear upfront quote that covers all anticipated legal services. Bishop Law Firm accommodates a wide range of budgets with its services offered and will discuss all of the options that are available to you. The firm’s goal is for the client to feel – by the end of representation – that he or she received outsized and enormous value through legal protection, explanation/education, and sound guidance.

Can I switch between flat-fee and billable hourly pricing?

In some cases, it may be possible to switch from flat-fee to hourly billing or vice versa, depending on the scope and nature of the matter. Please contact the firm to discuss the best approach for the specific situation.

Does the firm require a retainer for billable services?

Yes, the firm typically requires an upfront retainer. The retainer amount will depend on the scope of the services required. It serves as a deposit against future billable hours, and any unused portion is refundable at the conclusion of the matter. Funds are always held strictly in trust until fully earned.

How is the firm able to keep its services cost-effective?

The firm prides itself on providing high-quality legal services while keeping costs manageable. This is achieved by offering flat-fee pricing for specific services, being efficient with billable hours, and tailoring the approach to the specific needs of each client.

Does the firm offer free consultations?

Yes, the firm offers an initial consultation, which is always free. Consultations that need to extend beyond thirty (30) minutes may require a charge, which would be disclosed and agreed to prior to being incurred. During this meeting, the firm will discuss the client’s legal needs and determine how the firm can best serve the business.

How do I contact the firm?

Clients can contact the firm by phone, email, or through the intake forms on this website. The firm offers flexible meeting options, including in-person, virtual/video, or phone consultations.

How will the firm keep me informed about the progress of my case or transaction?

The firm understands the importance of communication and transparency. The firm provides regular updates on the status of the matter, whether it’s transactional, corporate, or M&A work. Clients will receive updates on key milestones and will be notified if any significant decisions or actions are required on their part.

Does the firm handle mergers and acquisitions (M&A) deals?

Yes, the firm specializes in M&A work. The firm assists clients in every stage of the M&A process, from due diligence and negotiation to documentation and post-closing matters.

What should I expect during an M&A transaction?

An M&A transaction involves several stages, including due diligence, drafting and negotiation of agreements, regulatory approvals, and post-closing integration. The firm will guide clients through every step, ensuring their interests are protected and helping them navigate complex legal and business considerations.

How do I get started with the firm?

To get started, simply contact the firm to schedule an initial consultation through the Intake or Contact the Firm icons found below and above these FAQs. During this consultation, the firm will assess the client’s needs and discuss how the firm can assist the business. The firm will then provide a customized service plan and cost estimate.

What happens if I go over my retainer or flat-fee agreement?

For billable work, if a client’s retainer is approaching depletion, the firm will notify them in advance and discuss any additional costs, refills, etc. that may be needed. For flat-fee services, the firm will inform clients if the scope of work changes or additional services are required and provide an updated estimate that is mutually agreeable.

How can I pay for the firm’s legal services?

The firm accepts a variety of payment methods, including checks, e-checks, wire transfers, and debit and credit cards. Zelle can also be accommodated. For ongoing work, payments are typically due upon receipt of the invoice. For flat-fee services, payment is often required upfront, upon completion, and/or along the way according to an agreed schedule.

Does the firm offer any discounts or payment plans?

The firm does not typically offer discounts for standard services but understands that legal costs can be significant. The firm is open to discussing payment plans or financing options, especially for larger or long-term projects.

What if I’m not satisfied with the work or results?

The firm’s goal is client satisfaction. If a client has concerns or is not satisfied with the services provided, they are encouraged to communicate directly with the firm. The firm will work with the client to resolve any issues and ensure that the business’s legal needs are met effectively and efficiently.