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Letters of
Understanding: You have no obligation to us until we agree in writing on
the task, deliverables and fees. We require a written understanding (a.k.a.
engagement letter) for every engagement regardless of size or complexity. The
engagement letter is not binding until the client executes the document;
accordingly, there is little room for misunderstandings.
Initial Meetings:
The initial meeting (or two) is no charge because we need to ascertain the task
and deliverables.
Travel: We do not
charge for our time to travel to the engagement site. We charge our
out-of-pocket expenses but we do not charge for the time to or from the
destination. Accordingly, the fact our offices are in Pennsylvania
has minimal incremental costs to a client in a different city.
Merger and Acquisition
Services: Our fees for M&A are either hourly or a combination of a
percentage of the transaction and hourly fee not to exceed $150
per hour. The structure of the compensation agreement is
dependent on your needs. Almost always we are able to structure
a fee agreement that accommodates the clients’ cash flow.
Litigation Support: Litigation cases are billed on an hourly
basis (not to exceed $150 per hour) because our work, in many respects is out
of our control. Opposing counsel can file demands that require our attention
and schedule hearings and depositions that require our attendance. Litigation
is emotionally draining and we work very diligently with counsel and client to
manage the litigation engagement so that you are kept informed of our progress
and fees.
Valuation Services: Valuation projects are almost always a fixed
fee and the fee is set before the engagement commences.
View a chart for
our typical valuation fee structure.
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