Professional Fees – Time and Attendance Basis
5.1Ordinarily, the Firm’s professional fees will be calculated by reference to the amount of time spent attending to your matter, unless the Engagement Confirmation specifies a different basis (such as a fixed fee or fixed periodic retainer).
5.2The Firm’s standard hourly charge rates (exclusive of GST) are between:
(a)Senior Partner: AU$1,800.00 – AU$2,400.00 (US$1,200.00 – US$1,600.00*);
(b)Junior Partner: AU$1,500.00 – AU$1,800.00 (US$1,000.00 – US$1,200.00*);
(c)Special Counsel: AU$1,200.00 – AU$1,500.00 (US$800.00 – US$1,000.00*);
(d)Senior Associate: AU$1,200.00 – AU$1,500.00 (US$800.00 – US$1,000.00*);
(e)Associate: AU$900.00 – AU$1,200.00 (US$600.00 – US$800.00*);
(f)Lawyer: AU$600.00 – AU$750.00 (US$400.00 – US$500.00*);
(g)Law Graduate: AU$300.00 – AU$450.00 (US$200.00 – US$300.00*); and
(h)Paralegal: AU$300.00 – AU$450.00 (US$200.00 – US$300.00*).
*Clients will be billed at our Australian rates. US rates are provided as an indication only based on an exchange rate of 1:1.50.
5.3The Firm’s hourly charge rates include secretarial and word processing services.
5.4The Firm will charge time in 6 minute intervals, with 6 minutes being the minimum interval recorded for professional services. Each unit is charged at one tenth (1/10th) of the hourly rate applicable.
5.5The Firm reserves the right to increase its hourly rates from time to time upon giving reasonable notice to you.
Professional Fees – Fixed Fees
5.6In certain circumstances, the Firm may quote and charge fixed fees. Where the Firm quotes you a fixed fee, the fee only covers the Work which we have expressly agreed to provide (as set out in the Engagement Confirmation).
5.7The Firm will provide you with a quote for any additional Work, and such Work may not be quoted on a fixed fee basis.
5.8No quote that we give to you is a fixed fee unless we expressly state that it is a fixed fee.
Professional Fees – Fixed Periodic Retainer
5.9We may agree with you for us to be engaged on a fixed periodic retainer (generally monthly) under which you will pay us a fixed periodic fee and we will undertake a certain agreed scope of work (as set out in the Engagement Confirmation).
5.10The agreed scope of work for any fixed periodic retainer may include the following for each period:
(a)a commitment to answer, deal with, or respond to a minimum or maximum number or complexity of queries from you (by email or telephone);
(b)a commitment to provide a minimum number of hours of work;
(c)a minimum number of in-person or remotely attended meetings (such as by telephone, video conference or other telecommunications services);
(d)a discount on our professional fees for work charged on a fixed fee basis (such as document review and drafting);
(e)a discount on our professional fees for work charged on a time-costed basis; and
(f)any other benefits or features which we determine in our discretion from time to time.
5.11The amount of the periodic fee will generally be calculated having regard to the following:
(a)the nature and size of your business activities;
(b)your existing and anticipated future legal requirements;
(c)the required timing of any deliverables and other legal work required to be undertaken;
(d)the amount which we would charge you if you were to engage us to undertake the same work on a fee-for-service basis; and
(e)any other matter which we consider is relevant.
5.12If your requirements are such that a significant amount of work is required at or around certain time periods (such as at commencement, or at certain milestones), we may require our fixed periodic retainer to be increased during such periods. For example, if your business is a start-up or early-stage venture, we may require our fixed periodic retainer to be higher in the initial months to account for the fact that a significant part of the work would be required during this time.
5.13Although generally our fixed periodic retainers will include a reasonable amount of variation in the work required to be undertaken from period to period, we nevertheless reserve the right at all times to revise the amount of our fixed periodic retainer (on a temporary or permanent basis) if your requirements exceed that which was originally contemplated or agreed at the commencement of our engagement, or in any other reasonable circumstances.
5.14Unless otherwise agreed by us in writing:
(a)all fixed periodic retainers will be subject to a three (3) month minimum commitment from you; and
(b)we will invoice you for our fixed periodic retainers on the first day of each period (such as the first day of each month), with any beginning and ending periods being invoiced on a pro-rata basis.
5.15Any fixed periodic retainer which we charge you will exclude all outlays incurred by us on your behalf.
Professional Fees – Administrative Levy
5.16In addition to professional fees, we may, at our sole discretion, charge an administrative levy of up to AU$50 excluding GST per tax invoice to cover our costs of internal printing, internal copying, faxing, reproduction and recording of USB, DVD or CD, postage, mileage, telephone call charges and other sundry items.
5.17The Firm reserves the right to increase its other fees from time to time upon giving reasonable notice to you.
Expenses and Disbursements
5.18Expenses and disbursements are sums of money which the Firm pays (or becomes liable to pay) to others on your behalf. These may include, but are not limited to: external printing, external photocopying, various property search costs, company search costs, express post costs, registered post costs, courier costs, the cost of expert consultants, filing and lodgement costs, banking and third-party payment processing charges, government transfer charges, agent’s costs (including settlement agent’s costs) and government application costs.
5.19The Firm will inform you of expenses and disbursements, as well as any other payments required to be made, as soon as is reasonably practicable.
5.20Some of these expenses and disbursements may incur a service fee.
5.21All fees, charges, expenses and disbursements under these Terms are GST exclusive, unless otherwise stated to be inclusive of GST. You will be required to pay the Firm an additional amount on account of any GST which the Firm is liable to pay as a result of any supply the Firm makes to you.