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Alternative Fee Arrangements
Because MMM+B sees itself as an innovator, it is
willing to explore other alternative fee arrangements.
MMM+B will consider providing legal counsel to a
business in exchange for equity rather than cash.
Likewise, in the plaintiff's side of litigation,
we have used mixed hourly and contingent fee
arrangements, sliding scale percentages based on
amount of time, bonuses, and multiples of hourly
rates-keyed to the success we achieve. We also
negotiate reverse contingent fees based on the
amount saved in representing defendants, after some
agreed-upon financial exposure has been set by a
liquidated contractual amount (e.g., a loan guarantee)
or by an adverse jury verdict (where for example,
representation is needed to handle post-verdict motions
and/or the appeal) or by a final demand at the end of
mediation. We also will handle cases for fixed fees
plus a contingent bonus based on outcome, or charge
a fixed fee per quarter to supervise other lawyers and
handle specific other tasks.
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