Retained Legal Consultant

Our client

A small software development company

The issue

Our client needed help with partnership arrangements, employment issues, technology licensing arrangements, setting up in Singapore and China and various corporate finance arrangements.

The solution

Cresco Legal agreed to provide legal advice via a small monthly retainer, with the following benefits:

• The client has unlimited access to our legal advice and we attend management and business strategy meetings when needed
• The client was charged a “client rate” which depends on affordability, anticipated amount of legal work and complexity of the business
• A guarantee that the client rate will not vary during the agreed period except at review date or if both parties agree to vary it.
• The retainer is not limited by time spent on the client’s work. We may spend more time in some months and less in others
• No extra charges for documents unless specialist work is required.

The result

• The client has an experienced “in-house” legal counsel within its business
• The client has the benefit of an innovative and proactive lawyer as part of the management team when required.

Our client has since expanded into Asia through exploiting its technology for a different segment of the marketplace.