Ask HN: the best way to develop terms of use and privacy policy

Hi, my startup is talking to attorneys about developing our Terms of Use and Privacy Policy. As a social (dating) site, these things will be important to get right. How did your company go about it? We've had a bit of sticker shock in terms of what it might cost, though the attorneys we are talking to are specialists. We are getting quotes around $4000. Is it possible to do something basic more cheaply? Or do you need to spend the money to get it right?