Challenges

Our Clients needed to put in place several legal agreements in relation to the formation of a new business relationship. The Clients wanted help understanding what attributes they should be looking for in their advisers.

The Legal Broker London solution

The Legal Broker London's team conducted a thorough interview process to determine what legal documentation and structures were required by the Clients. On this basis it identified a range of advisers - from full-service law firms to individual specialist consultants - capable of serving the Clients' requirements. The Legal Broker London conducted a full market search and presented the Clients with quotes from relevant firms, broken down into components, enabling the Clients to choose how to meet their needs and parcel out work to different providers. Of those providers with the required skills and experience to meet the Client's needs, the most expensive quote was 5 times higher than the lowest.

Benefits to the Client

The Clients were able to consider a range of specialist and full-service firms, with fixed-fee quotes on each element of their requirement, weighing-up price versus other attributes. Using The Legal Broker London enabled the Clients to prioritise different components of work and commission them in accordance with their timetable and budget.

"The experience of using LegalBrokerLondon was a revelation. Not only
was the variance between quotes for services exceptionally helpful to the
client, you also had the benefit of having effectively in house counsel
ensuring the correct briefing. We therefore knew we had a proper quote for the
work based on a like for like brief."

                                                                 -Managing Partner in Hospitality Sector