Ask your potential lawyer for his or her best suggestions on ways to cut costs.

In addition, consider suggesting additional cost-cutting methods, such as:

• Paying flat fees for routine matters such as drafting contracts
• Having a paralegal or junior associate handle the clerical work
• Negotiating volume discounts for ongoing needs for service
• Reducing the hourly rate, and tying it to a bonus for producing financially beneficial results
• Negotiating a contingency fee, which is a fee paid upon successful completion of the services. This is usually as a percentage of the gain obtained for the client
• Revising documents initiated by your lawyer yourself