What are credits, and how do you use them?
Credits are our internal currency for legal services. They give you the flexibility to access various legal expertise and resources as per your needs.
Here's how you can manage and utilize your credits:
View your credit balance directly in the Legal Nodes platform.
Purchase additional credits as needed through the platform.
To initiate work on a new task, submit a legal request to your Virtual Legal Officer (VLO) for 1 credit.
Credits are often required to deliver legal requests and access specific services. Examples of work that requires credits are outlined in the sections below.
Monthly credit allocation
On the Growth Plan, you receive 10 credits each month. It's important to note that unused credits do not roll over to the next month.
Services available with credits
Please note that the credit pricing provided here is for illustrative purposes only and is subject to change at Legal Nodes' discretion. The final credit costs for any service will be confirmed by your Virtual Legal Officer (VLO). Clients are always required to approve these costs before any payment is made or work begins or continues further.
1. Document templates
Various document template bundles are available, starting at 1 credit per bundle.
Examples include Corporate Documents Bundle, Contractor & Team Documents Bundle, and Private Token Documents Bundle.
2. Document customization and bespoke preparation
Customizations start from 1 credit, plus an additional hourly rate for the time spent on customization/revisions.
Bespoke documents via third-party providers start from 3 credits, plus third-party fees.
3. Extra Legal Q&A Sessions
Additional 30-minute Legal Q&A Sessions are available for 3 credits each.
4. Bank account opening assistance
From 1 credit for a list of banks and introductions to bank managers.
From 2 credits for additional support with the application process.
5. Sourcing service providers
1 credit for sourcing accounting services providers.
From 1 credit for sourcing insurance brokers.
6. Specialized checklists and guidance
1 credit for a non-binding, jurisdiction-agnostic Investor Onboarding Checklist.
1 credit for non-binding, jurisdiction-agnostic borderless Marketing & Communication guidance on Token Launch.
7. Complex legal requests
Complex legal requests are tasks that require extensive work and often involve third-party service providers like specialized law firms or expert individuals. These requests typically cost more credits than simple ones due to their complexity and the need for external expertise. The process usually involves initial analysis by a Virtual Legal Officer (VLO), who then manages the execution of the request, coordinating with service providers, and overseeing the work's progress and quality.
From 3 credits for handling complex requests requiring third-party involvement.
1 credit for request analysis and offer preparation.
From 2 credits for request execution management.
8. Legal support sessions
To receive additional support from the Legal Nodes team with either the initial planning of your Legal Projects or the ongoing or future planning of your legal needs, you can purchase sessions using your credits.
Legal Q&A Sessions (30 mins) cost 3 credits each and help you with month-to-month planning or targeted legal strategising as needed.
Legal Discovery Sessions (45 mins) cost 4 credits each and are used for more in-depth analysis of a particular legal option for a particular project.
If you're not sure which type of session you need, speak to your VLO.
What can't you do with credits?
While credits are versatile, there are some limitations to their use:
Credits cannot be used to purchase add-ons (services from our service providers).
Credits cannot be applied towards the cost of your Legal Nodes plan.
These restrictions ensure that credits are used specifically for the legal services provided directly through the Legal Nodes platform, maintaining the integrity and purpose of our credit system.
Purchasing additional credits
If your legal needs exceed the monthly credit allocation, you can purchase additional credits at any time. Each extra credit costs $100. Credit bundles are also available.
Tips for effective credit usage
Plan your legal tasks in advance to make the most of your monthly credits.
Prioritize tasks based on your business needs and credit availability.
Consider spreading larger projects across multiple months to optimize credit usage.
Don't hesitate to purchase additional credits for time-sensitive or critical legal matters.
Remember, our Virtual Legal Officers (VLOs) are always available to help you plan your credit usage and ensure you're getting the most value from our services.
Important Note: The information provided on this page is applicable to clients on our latest plans. If you started a plan with Legal Nodes before September 2024, please contact your VLO for support via your Legal Nodes account or email help@legalnodes.com for assistance tailored to your specific plan.