Get the free Outside Counsel Legal Services Agreement (LSA) Rate Schedule - fdic

This document serves as a Legal Services Agreement for outside counsel, outlining the rate schedule and necessary submission information for law firms working with the Federal Deposit Insurance Corporation

How to fill out outside counsel legal services

How to fill out Outside Counsel Legal Services Agreement (LSA) Rate Schedule

1. Begin by downloading the Outside Counsel Legal Services Agreement (LSA) Rate Schedule template from the official website or requesting it from the appropriate department.
2. Read through the introductory section to understand the purpose of the Rate Schedule.
3. Fill in the 'Law Firm Name' section with the full name of your legal firm.
4. Enter the contact information for the law firm, including address, phone number, and email.
5. Specify the types of legal services offered by the law firm in the designated section.
6. Detail the hourly rates for different services or attorneys, making sure to include any variations based on expertise or seniority.
7. Include any additional fees or expenses that may apply, such as filing fees or travel expenses, providing a clear explanation.
8. Review the completion of the form for accuracy and ensure all necessary information is included.
9. Sign and date the Rate Schedule to certify that the information is true and accurate.
10. Submit the completed Rate Schedule to the appropriate internal department or client as required.

Who needs Outside Counsel Legal Services Agreement (LSA) Rate Schedule?

1. Corporate legal departments that require external legal services.
2. Businesses engaging outside legal counsel for specific projects or ongoing legal needs.
3. Organizations seeking a formal agreement on rates and services with their external law firms.
4. Law firms that aim to establish their billing structures with existing or potential clients.

For pdfFiller’s FAQs

What is Outside Counsel Legal Services Agreement (LSA) Rate Schedule?

The Outside Counsel Legal Services Agreement (LSA) Rate Schedule is a document that outlines the billing rates and fee structures for legal services provided by outside counsel. It serves as a formal agreement between the client and the law firm regarding the charges for services rendered.

Who is required to file Outside Counsel Legal Services Agreement (LSA) Rate Schedule?

Law firms and outside counsel that wish to provide legal services to a client or organization that requires a formal agreement must file the Outside Counsel Legal Services Agreement (LSA) Rate Schedule.

How to fill out Outside Counsel Legal Services Agreement (LSA) Rate Schedule?

To fill out the Outside Counsel Legal Services Agreement (LSA) Rate Schedule, one must provide detailed information including the firm's name, the names and qualifications of attorneys, the applicable billing rates, any retainer amounts, and other terms of engagement as specified in the form.

What is the purpose of Outside Counsel Legal Services Agreement (LSA) Rate Schedule?

The purpose of the Outside Counsel Legal Services Agreement (LSA) Rate Schedule is to establish clear expectations and agreements about the costs of legal services. It helps in budgeting legal expenses and ensures transparency between the client and the law firm.

What information must be reported on Outside Counsel Legal Services Agreement (LSA) Rate Schedule?

The information that must be reported on the Outside Counsel Legal Services Agreement (LSA) Rate Schedule includes the law firm's name, the attorneys' titles and experience levels, each attorney's billing rate, any additional fees or expenses, and the terms and conditions of the legal services agreement.