Flat-Fee Securities Lawyer
No Hourly Billing, No Surprise Invoices
Clients pay a predictable monthly fee for unlimited legal services. There is no hourly billing, no surprise invoice, and no charge for a consultation — even a one-minute call. Larger document projects, such as registration statements and private placement memoranda, sit outside the monthly fee but are also quoted on a flat-fee basis.
Frederick M. Lehrer, a former attorney in the SEC's Division of Enforcement (1991–2000), has structured his practice this way because the hourly model discourages exactly the calls that prevent securities problems. Clients reach Fred directly, any time, without scheduling an appointment.
Why Hourly Billing Fails Securities Clients
Traditional attorneys bill in six-minute increments. At $450 an hour, a one-minute call costs $45. Clients learn quickly to stop calling, and the questions they stop asking — 'can we say this in the press release?', 'is this investor accredited?', 'do we need to file something?' — are the ones that keep companies out of trouble.
A flat monthly fee removes that friction. The company knows its legal cost in advance, and management can call before acting instead of after.
What the Monthly Fee Covers
Routine securities and corporate work: questions by phone and email, review of press releases and investor communications, board and shareholder consents, routine SEC filings for reporting companies, Rule 144 questions, compliance guidance, and general corporate matters.
Larger document projects — registration statements, offering circulars, private placement memoranda, and other extensive document preparation — are scoped and quoted separately as a flat fee before work starts. You always know the cost first.
Direct Access, 24/7
There is no intake department and no junior associate screening calls. Clients call or email Fred directly, around the clock, without scheduling an appointment. Most messages are answered the same business day.
| Area of Scrutiny | What the Staff Looks For |
|---|---|
| One-minute phone call | Flat fee: included. Hourly at $450: $45 |
| Press release review | Flat fee: included. Hourly: billed per revision |
| Quick compliance question | Flat fee: included. Hourly: minimum increment |
| Board consent | Flat fee: included. Hourly: drafting and review time |
| PPM or registration statement | Flat fee: quoted up front. Hourly: open-ended |
| Budgeting | Flat fee: known in advance. Hourly: known after the invoice |
| Access | Flat fee: call any time. Hourly: every call is a cost decision |
| Incentive | Flat fee: prevent problems. Hourly: bill for fixing them |
- Attorney, SEC Division of Enforcement, 1991–2000
- Private practice in corporate and securities law since 2000
- Ongoing counsel for private, OTC-quoted, and reporting companies
- Reg D, Reg A, S-1, and going-public projects quoted as flat fees
- Author of The Other Side of the Table and host of Inside Securities Law
Matters are described generally and without client-identifying detail. Prior results do not guarantee a similar outcome. A full list of representative matters is available on the case list.
Flat-Fee Securities Legal Services
- Companies that want a securities lawyer on call without hourly anxiety
- Smaller reporting and OTC-quoted companies with ongoing SEC obligations
- Founders raising capital who expect a steady stream of questions
- Companies tired of six-minute billing for quick answers
- Your team avoids calling the lawyer because of the bill
- Legal invoices are unpredictable month to month
- Press releases go out without legal review to save money
- You learn about a compliance problem after it happens
- Unlimited routine securities and corporate questions
- Press release and investor communication review
- Routine SEC filings and corporate consents
- Flat-fee quotes for PPMs, registration statements, and offering circulars
- 1. A free call with Fred — consultations are never billed
- 2. Agreement on a monthly fee that fits the company's needs
- 3. Direct access by phone and email, 24/7
- 4. Flat-fee quotes for any larger project before it starts
Everything on this page is flat-fee by design. Call (561) 706-7646 or email flehrer@securitiesattorney1.com to discuss a monthly arrangement. The next step is a confidential conversation with Frederick M. Lehrer about your facts and timeline — no forms, no intake queue.