We work on a flat-fee or hourly basis with leading attorneys, alternative investment funds, CFOs, CPAs, and other C-suite corporate executives. This service model applies to all four practices areas: 

We communicate engagement scope and fee ranges right from the start. We accordingly perform our work in stages, and we encourage clients to take a methodical, calculated approach to decide which service offerings are necessary versus optional.

We refer to the first stage as the NAV Situation Scan (TM). The Situation Scan helps both our clients and our teams diagnose the services necessary to fulfill client objectives. We then communicate the results of the Situation Scan to derive a suggested road-map. The NAV team next proposes a time frame for delivery of service milestones. We are inherently flexible, and our Situation Scans outline a proposed plan of action and not a mandatory obligation. We have found clients cherish this "ramp-up or ramp-down" flexibility.

Typical examples of ramp-up engagements are the establishment of valuation procedures and enhanced internal controls for growing funds. Asset managers often invest in fund architecture as performance excels and regulatory requirements of the SEC accordingly move to the forefront. Fund internal control design also depends on a fund's asset mix as illiquid asset classes (complex securities, real estate, and private equity) warrant more enhanced documentation and controls than liquid securities requirements. 

Finally, litigation support is a classic ramp-up or ramp-down engagement. Many cases and disputes settle at any time, and we pride ourselves on avoiding client minimums. Our avoidance of all fee minimums yields core flexibility, which aligns with a client's uncertain situation. We have found seasoned litigators appreciate our clear candidness in and outside of the courtroom.