Legal Training

    Legal Training    January 19, 2024

As a value add to our clients, the law firm on request offers training on various legal aspects of interest to the client depending on the client needs. The objective is to enable the have a better understanding of the various laws governing the client’s business and any changes in the sector. Additionally, we customize programs to suit specific needs of the client. One of the main benefits of in-house training is our ability to customize or tailor a course to suit the exact training needs, requirements and circumstances of the client organization.

Legal Fees

    Legal Fees    January 19, 2024

The principal mode of billing by the firm is premised on the Advocates Remuneration Order (ARO).The Firm has established a comprehensive Credit and Billing policy to govern the billings and payments processes and manage cash flows. The policy requires for payment of at least 50% of the legal fees agreed upon and the balance on conclusion of the matter or as is structured in the agreement. Our policy on recoveries and debt collection is success based in the sense that we do not bill the client where the debt is not collected. Fees is payable at the agreed rate for any such amounts as shall be collected. We encourage our clients to execute retainer agreements for non-litigious matters and this covers issuance of opinions and legal advice on legal queries, execution and witnessing of documents and routine matters for the agreed period of the retainer, i.e. quarterly, bi-annually or annually

Turnaround Time & Reporting

    Reporting    January 19, 2024

Perfection of securities is crucial for mortgages and corporate finance which are key revenues streams for most of our Banking clients. Turnaround time in perfecting securities continues to be a major headache for Banks and borrowers because of the inefficacies of various public registries.

We continuously work on our and our clients’ processes and the registries to cut down on turnaround. Our standard turnaround time for the last two years for registrations of various security instruments has been as follows:

The dates start running from the date of instructions and this includes valuation, obtaining all clearances, consents and payment of stamp duty. Along with the traditional tasks of due diligence and document preparation, the property department’s team get the transaction done by taking proactive and innovative approaches to ensure that every detail is covered to complete the transaction expeditiously and in a professional manner.