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My firm does ancils on a fixed fee basis where we quote for various stages a stage at a time (up to Form Es, up to and including FDA, then FDR etc). It works extremely well and clients value greatly the certainty - we've seen a huge increase in work since we started promoting this. We're also making more average profit on each matter. The Young example above is therefore misconceived - a bit out of our league in terms of value (!) but we'd have no problems taking this a phase at a time and agreeing a set fee for each phase of work. We've looked at implementing agreed fees for other areas but have found it difficult and I have to say if QS were able to demonstrate they could help us achieve this across the board it'd be a strong reason for my firm to consider joining them.