Flat Monthly Rate
This type of remuneration is set by the law firm as a lump sum for each month without being directly linked to the actual amount of work performed.
The flat monthly rate is calculated by multiplying the law firm's hourly rate by the anticipated amount of hours (estimated in good faith) which will be spent on the client's affairs each month.
Using this type of contractual remuneration, commercial companies can plan their legal expenses a long time in advance. They can also receive a discounted flat monthly rate, if the estimated number of hours is high enough.