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- Re: Survey - your charges for work in a dispute
Survey - your charges for work in a dispute
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Strongsilence-C
Level 10
03-11-2024
01:54 PM
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I am rarely involved in disputes between partners. They (two partners) are disputing compensation going back two years. The attorney has been hired - by the corporation - to mediate the dispute. The attorney will be asking me for pro forma financials and tax information to help determine the proper compensation. This work will mainly be amending tax returns as if both were partners since 2022. I think the financial work will take me 3-4 hours. However, this could be drawn out and there might be conversations where I am involved which could add 2-4 hours.
For tax preparation I bill based on value. However, for this engagement I think I will bill for hourly services.
What would you charge?
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4 Comments 4
BobKamman
Level 15
03-11-2024
07:03 PM
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So is this a partnership, or a corporation? And is it a dispute between two shareholders of a corporation? Are you sure that both of them agreed to your being hired for this work? And who is your client, anyway? Seems to be like it's the arbitrator, so you need to find out if he is going to pay you or he is just assuming that the corporation will.
Many arbitrations involve a hearing, and you may be called as a witness. Do you know when and where the hearing would be held? Does your agreement provide for payment of preparation, travel and appearance time?
Strongsilence-C
Level 10
03-12-2024
08:59 AM
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Bob,
I appreciate that you ask questions. Stimulating and needed and thanks for your time.
And who is your client, anyway? Seems to be like it's the arbitrator, so you need to find out if he is going to pay you or he is just assuming that the corporation will.
I think it is the arbitrator and we have an appointment to talk. I'll visit the AON insurance website for the appropriate engagement letter.
And I think sending a bill with a request for retainer will spark the corporation to begin thinking of me seriously. For me too, I need to be alert to the time I have put into this mess (already two informal phone calls totaling 30 minutes.)
Many arbitrations involve a hearing, and you may be called as a witness. Do you know when and where the hearing would be held? Does your agreement provide for payment of preparation, travel and appearance time?
More useful questions. I'll ask.
