Bailgate Advisory
Bailgate Advisory is a Counsel Advisory Consultancy that operates as an intermediary between corporations and their potential outside counsel; vetting and negotiating with law firms in order to offer our clients a true market overview, detailed due diligence, and comprehensive price and process comparison.
Benefits
Due Diligence
How much can you know about a law firm and the way that they operate before signing terms? Through our thorough due diligence and vetting process, Bailgate Advisory ensure that the firm you decide to partner with has the capability, capacity and experience that your legal team requires.
Time and Convenience
Your valuable time could be better spent on the operation of your company. Not only will we take a significant time burden away from you, but we will also be able to complete the process and begin onboarding faster and more efficiently.
Full Market and Price Comparison
By having far greater control of the process before signing engagement letters, Bailgate Advisory will also be able to ensure that you have greater control of the management and ongoing nature of your relationship afterwards. With Bailgate Advisory, your outside counsel operates in a way suited to your schedule and needs.
Client Commitment and Transparency
Tired of endless price hikes? Through Bailgate Advisory, you’ll be able to compare and negotiate prices from a range of law firms. You’ll also have greater command and visibility over the costs incurred, ensuring that your matters are staffed efficiently and effectively.
The Process
Bailgate Advisory will leverage its extensive connections and market knowledge within Big Law (and beyond) to provide its clients with a fully comprehensive market overview ensuring that the outside counsel that you decide to work with does so on your terms, to your requirements and to your budget.
Client Assessment
Bailgate Advisory will work closely with you to assess all of your company’s needs and to understand the nuances of your legal team so that we can represent you in the best way possible, ensuring you receive the best possible representation in the future.
Full Market Analysis
Using our dedicated research team, extensive CRM and our personal in-depth market knowledge, we’ll undertake a full market analysis of all of the applicable firms and practices that may be suitable to your requirements, providing you with a long list of potential firms to consider.
Detailed Outreach - Vetting and Due Diligence
Bailgate Advisory will directly approach, coordinate, and negotiate with a long list of firms, vetting the relevant practices to ensure that their capabilities, availability and costs suit your needs.
Shortlisting & Firm Presentations
Our consultants will provide you with a fully costed and vetted shortlist of firms to consider and engage further with. From there we will correspond with this final shortlist of firms who will then produce a deck and present to you, competing for your business.
Negotiation and Onboarding
Bailgate Advisory will act as an intermediary between you and the final shortlist of law firms to negotiate on price and service, playing off of each firm to ensure that you receive the best deal possible for your company. We will also correlate with the chosen firm to ensure a quick, seamless and efficient onboarding.
FAQs
We work entirely around your schedule and your needs, however, we would normally expect the whole process (up to onboarding) to take 6-10 weeks.
The majority of the costs incurred are charged to the law firm. We charge a small retainer fee to allow us to dedicate our time and resources to your search, 50% of which is refundable at the end of the process, regardless of the outcome.
In short, as little as possible. However, we expect that it will take 1.5 to 3 hours of your time before the point where the shortlist of law firms is presented to you.