In general, the firm’s services are billed on a time-spent basis.
The hourly rates charged by Magenta depend on the level of experience of the lawyers involved.
However, depending on the nature of the matters that our clients entrust to us and/or in consideration of the nature of the relationship, Magentamay agree to the following specific terms of retainer:
- Preferential hourly rates (price based on volume of fees, blended rates, etc.)
- A fixed fee for the entire scope of engagement
- A fixed fee together with a contingency fee
These agreements are formalized in writing prior to the start of the engagement. Finally, and in order to be as transparent as possible vis-à-vis our clients, all of our statements of fees are accompanied by time & expense timesheets itemizing the services provided by each member of the legal team on a daily basis.