All About Lawyer Fees and Costs
It is imperative to point out that there has been a growth in the number of lawyers in the recent past. Lawyers are usually relied on to address a number of legal issues. However, it is important for you to understand the average cost of their services. You need to keep in mind that attorneys employ different ways to bill their clients. This usually depends on the service offered and the type of attorney. Here are some of the most notable forms of billing that you might be subjected to.
The flat fee has become quite common among so many lawyers. You will learn that so many lawyers do not actually appear in courtrooms. These lawyers will more than often be found filing paperwork, drafting critical documents as well as consulting with their clients. Embracing a flat fee for such lawyers tends to be more sensible. This is to say that both the lawyer and his client will have agreed on a given price right from the start. This ensures that you are not caught by surprise in the long run.
It is not uncommon to find the hourly rate being taken up by certain lawyers. There are various factors that will influence the rate arrived at. This includes the location, their experience and the complexity of this case. You will also note that there will be the billable hour concept. this does indicate that you will be billed for the time that the attorney puts in research, meetings as well as drafting of motions. You will witness that there will be a couple of administrative duties that will be handled by other professionals. This will be billed differently.
Then comes the retainer as well. This is usually embraced in the event that one is in need of far reaching as well as frequent legal assistance. This will ensure that the lawyer is available to handle whatever is necessary. Retainers are usually lump sum payments made in advance so as to retain the services offered by the given attorney. The attorney will then deduct his hourly expenses from this amount as he offers services. These retainers are usually reflective of a long term business relationship between the parties.
It is also possible for the rate to be on a contingency basis. It is commonly used by car accident lawyers. This means that the lawyer does not ask for any upfront payment. The lawyer will be paid a portion of the damages received after winning. These lawyers will often be quite picky about the cases they can handle.