Innovative Legal Solutions
With Vision Law’s patent pending Share in the Risk Litigation Defense Programsm (“SIR Program”) we actually share in your risk in the event of employment law litigation. Why? Because we have confidence in our preventive advice. Litigation can be very expensive, and we believe that as a PFP or LCP client we put you in the best possible position to avoid litigation, and to win when it’s not avoidable. So under the SIR Program, if we win the case for you, we earn our full litigation fee. If we lose the case, our fee is dramatically reduced.
You’re Protected When We Defend You
If an employee sues your company and you have Vision Law attorneys represent you, we share in the risk of an adverse result at trial. Here’s how the program works:
Litigation Rate: For litigation defense work, we charge our normal litigation hourly rate.
Holdback Amount: We set aside a portion of the total hourly fee as a “holdback amount”:
- 20% for non PFP/LCP clients1
- 40% for Vision PFP/LCP subscribers1
Base Rate: Our litigation rate, minus the applicable holdback amount, is our base rate:
- 80% of our litigation hourly rate for non PFP/LCP clients
- 60% of our litigation hourly rate for PFP/LCP subscribers
Your business pays the applicable base amount, plus any soft and hard costs, on a monthly basis as litigation fees are incurred. We may require an initial retainer to hold in a trust account until completion of the litigation matter.
Sharing Your Risk Means We Put Our Money Where Our Mouth Is
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Here’s how the SIR Program works, based on outcome:
- If we win your case, you pay 100% of the holdback
- If your case ends in a draw, you pay 50% of the holdback
- If we lose your case, we write off the entire holdback amount and you pay none of the holdback
In the event of a loss or a draw, Vision Law PFP or LCP subscribers will pay less. These clients receive the benefit of our regular advice and consulting services. Therefore, we are confident that they will be exposed to lower potential legal risks, and that these clients will be in a better position to win if sued. (Note: the definitions of “win,” “lose,” and “draw,” are specified in the Vision Law Share In The Risk Litigation Defense Programsm Agreement.).
1 Subject Vision Law’s acceptance of the litigation matter under the SIR Program and agreeing to specific terms in a written Share In The Risk Litigation Defense Program Agreement. Vision Law reserves the right not to accept a litigation defense matter under the SIR Program.
for more details call (916) 780-1920 or contact us online