When you run a services business, your knowledge is your main product.

Because time is money, it is important to charge an hourly rate that reflects your experience. So, how much is your time worth?

When calculating your hourly rate, consider:

  • how much you will pay your employees;
  • the costs of running your business;
  • how much your competitors charge; and
  • what profit margin you hope to make.

To assist you, LegalVision has created this free calculator. Simply plug in your regular expenses and profit targets to identify your ideal charge out rate. For legal assistance with your new business, rely on LegalVision’s experienced startup lawyers. Just call 0800 005 570. 

About LegalVision

LegalVision is a market disruptor in the commercial legal services industry. Our innovative business model and custom-built technology assist our lawyers to provide a faster, better quality and more cost-effective client experience. LegalVision is a leader in delivering legal services in Australia and New Zealand and has assisted over 150,000 businesses.

The firm has won Law Firm of the Year at the Australasian Law Awards and named fastest-growing law firm in the Asia-Pacific by the Financial Times.

Easy Access to Legal Help. Become a Member Today.

Become a member at LegalVision and you’ll have your own team of experienced business lawyers always at your service, for a low, monthly fee. That means unlimited access to a team who can answer your legal questions as well as draft, review and amend your business contracts whenever you need them. Learn more about LegalVision’s membership.