Fasken understands the need for alignment of financial interests between client and law firm. As such, our Firm has internally developed innovative pricing systems (FasQuote™) that provide transparency of legal spend and cost certainty through fixed prices.
We use intelligence on historical matters to facilitate fixed prices for new matters. Additionally, our fixed price model is value-based as opposed to hourly based. The technology used is predictive and intuitive and the premise is simple – a set fee for an agreed-upon scope of work.
Our aim is to be as transparent as possible about the potential costs of a matter up front, based on the degree of complexity. Clients benefit from transparent communication of the potential risks regarding legal spend, cost certainty for a given scope of work and, most importantly, efficient execution.