A Transaction Management Approach to Each Deal

We formed Flatiron with the mission of re-inventing the traditional billable hour model which rewards law firms for behaving inefficiently. By pricing ourselves principally on a fixed fee basis, we flipped the traditional law firm model on its head. Under our fixed fee model, we have every incentive to be efficient. We get paid for performance and results, not hours.

Our process works by leveraging a small footprint cost structure, an open architected cloud-based practice platform and a new “gig economy” labor model, and by employing a project management approach to running deals. This approach allows us to allocate Deal responsibilities and costs in the most economically rational way while preserving (or even exceeding) AM Law 100 quality. The end result of our methodology is great deals, executed efficiently, and with value added benefits for all.

Our model allows us to build teams on the fly that can match the quality and depth of the AM Law 100 firms at a fraction of the cost.