Brokerage desk · Fee calculator
Brokerage fee illustration
Illustrate the indicative success fee on any deal value using the Lehman 5-4-3-2-1 tiered scale. All outputs are indicative — actual fee terms are agreed in a mandate letter.
5%
First USD 1M
4%
Next USD 1M (USD 1M–2M)
3%
Next USD 1M (USD 2M–3M)
2%
Next USD 1M (USD 3M–4M)
1%
Above USD 4M
Enter the total indicative deal value in USD.
Deal value
USD 5M
Indicative
Indicative fee
USD 150K
Success fee only
Effective rate
3.00%
Of deal value
Tier breakdown
| Tier | Rate | Applied on | Fee |
|---|---|---|---|
| First USD 1M | 5.00% | USD 1M | USD 50K |
| Next USD 1M (USD 1M–2M) | 4.00% | USD 1M | USD 40K |
| Next USD 1M (USD 2M–3M) | 3.00% | USD 1M | USD 30K |
| Next USD 1M (USD 3M–4M) | 2.00% | USD 1M | USD 20K |
| Above USD 4M | 1.00% | USD 1M | USD 10K |
| Total indicative fee | USD 150K | ||
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About the scale
The Brokerage desk applies a Lehman-style tiered success fee, stepping down from 5% on the first USD 1M of deal value to 1% on everything above USD 4M. The fee is payable only on successful close of a mandate — no upfront retainer is required on most deals.
- First USD 1M5%
- Next USD 1M (USD 1M–2M)4%
- Next USD 1M (USD 2M–3M)3%
- Next USD 1M (USD 3M–4M)2%
- Above USD 4M1%
Scale is illustrative. Actual success fees set in a mandate letter and may vary by deal complexity, sector and structure.
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