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Attorney Spotlight

How did Brianna Powell's work as a law clerk prepare her for practicing law? Read more>

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Experience

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Experience Spotlight

The M&A Advisor Winner 2017The M&A Advisor announced the winners of the 16th Annual M&A Advisor Awards on Monday, November 13 at the 2017 M&A Advisor Awards. Bass, Berry & Sims was named a winner in the two categories related to the following deals:

M&A Deal of the Year (from $1B-$5B) – Acquisition of CLARCOR Inc. by Parker Hannifin Corporation

Corporate/Strategic Deal of the Year (over $1B) – Acquisition of BNC Bancorp by Pinnacle Financial Partners

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Thought Leadership

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Thought Leadership Spotlight

Regulation A+

It seems that lately there has been a noticeable uptick in Regulation A+ activity, including several recent Reg A+ securities offerings where the stock now successfully trades on national exchanges. In light of this activity, we have published a set of FAQs about Regulation A+ securities offerings to help companies better understand this "mini-IPO" offering process, as well as pros and cons compared to a traditional underwritten IPO.

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Client Value & Strategic Pricing

Values & Value

At Bass, Berry & Sims we continually strive to develop mutually beneficial partnerships with the clients we serve. A majority of our clients have been with the firm 10 or more years, and we believe this loyalty is a result of providing on-point legal advice and creating and nurturing authentic relationships that enable us to know and share in our clients' ambitions, better anticipate their needs, create efficiencies, and share risk – all of which translates into value.

Listening & Responding

Providing exceptional client service is a top priority of the firm. This mandate is embodied by the Client Experience Initiative (CEI), a systematic approach to institutionalizing behaviors that lead to client satisfaction and client advocacy. As part of the CEI, Bass, Berry & Sims launched a comprehensive satisfaction study to actively seek feedback from our clients on a regular basis to ensure we are exceeding their expectations. Additionally, we created a Client Advisory Panel tasked with providing guidance on management decisions and strategic direction of the firm. These forums provide opportunities for our clients' voices to be heard and impact the decisions we make. 

Part of ensuring we meet client expectations is our proactive endeavor to provide our services at a cost that is commensurate with the value we deliver. A component of the CEI aimed at achieving this goal is the establishment of a formal pricing and project management department. The leadership of this department is tasked with working with our clients and partners to provide efficiency, transparency and value, and to leverage new tools and processes to maximize our effectiveness. 

Centered to Deliver®

We work with clients to carefully define scopes of work and create fee arrangements that offer solutions beyond the billable hour. Our fee arrangements can be customized to fit the needs of individual clients to provide predictable and consistent value throughout the scope of a project or matter. Whether clients are looking to leverage in-house resources or rely solely on outside counsel, our team is ready to discuss the nature and scope of work required and develop fee structures that maximize value. We highly value these conversations as they refine mutual expectations and further illuminate the ways we can best serve our clients.

Bass, Berry & Sims offers a variety of fee arrangements including fixed fees (with any number of variations customized to respond to client priorities), contingency fees (particularly effective in instances where clients value risk sharing) and retainer arrangements. In addition, we use sophisticated matter planning software and technology to create and track our fee arrangements and industry-leading legal project management (LPM) techniques and software to manage the way we perform and deliver our work. All of these options and components are designed to conform to legal department budgets and provide maximum value to our clients. 

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For a thoughtful discussion about our approach to value, contact your relationship attorney or David Rue, Managing Director – Strategic Pricing & Client Value.

Overton Thompson | David Rue | Alternative Fee Arrangements in Complex Litigation


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Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.