Shulman Rogers NEXT: Experienced Lawyers, Fixed and Predictable Fees for Startups
May 17, 2017
POTOMAC, Md., May 17, 2017 — Shulman Rogers announced the full implementation of Shulman Rogers NEXT, offering startups and early stage companies high-quality legal service and lower, predictable pricing. The program allows companies the opportunity to work directly with highly experienced senior lawyers from multiple practice groups within the firm, including corporate finance, labor and employment and IP. NEXT offers fixed-price fee packages for a broad range of services such as formation, raising capital and employment issues. For those seeking assistance with more general outside counsel matters, fixed monthly pricing for outside general counsel services is available.
“There are lots of firms offering early stage companies alternative fee arrangements that are not sustainable over the long term,” said Scott Museles, co-chair of Shulman Rogers’ Business and Financial Services Department. “These include reduced or deferred fees for a finite period of time, with services consisting of relatively simplistic online forms or provided by junior attorneys more expensive than their experience warrants.”
“If a client actually retains a seasoned attorney, all too often they find the legal fees to be a great deal more than expected,” added Aaron Ghais, co-chair of the Business and Financial Services Department.
Anthony Millin, chair of the Startups and Emerging Growth Companies Practice Group, explains, “For the past few months, we tested the NEXT program with a dozen clients. We learned this approach is a real benefit to startups and early stage companies and helped new businesses secure a solid legal footing at a predictable and manageable price point.”
Client reaction has been extremely strong and positive. “I worked with Anthony, who is both an excellent senior lawyer and an entrepreneur,” said Seulki Lee, CEO of Neuraly Inc., which offers promising therapeutics for neurodegenerative diseases including Parkinson’s and Alzheimer’s. “He and his team helped me with all aspects of a very successful financing, and knowing we had a predictable pricing model provided significant peace of mind.”
Yulia Yaani, co-founder with Masha Sharma of RealAtom.com, the first commercial real estate online debt exchange matching borrowers with the right lenders in real time, has used Shulman Rogers NEXT for employment services. “We had the opportunity to work directly with Merry Campbell, co-chair of the Employment Law Practice Group, through a fixed-price employment package. Merry is sharp, clearly experienced, great to work with, and she quickly solved our issue. As a startup, knowing we had a manageable, fixed price was very valuable.”
Shulman Rogers views NEXT as a beginning of long-term relationships with clients. The firm routinely works with later stage and mature companies, and also represents venture capital and private equity funds.
Lori Swim | Media Relations
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