What you Need to Understand 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. It is however valuable for you to be made conversant with what it will cost to secure their services. You need to keep in mind that attorneys employ different ways to bill their clients. This will more than often be based on the type of attorney as well as services offered. Some of the predominant forms will often include the following.
The flat fee has become quite common among so many lawyers. You will learn that so many lawyers do not actually appear in courtrooms. You will witness that these attorneys put in so much time in consulting with some of their clients, drafting important documents and even filing different paperwork. These lawyers will often find it valuable to stick to the flat fee in this case. 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. The rate will often vary based on different factors. 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 means that the lawyer will charge for time spent researching, drafting arguments and meeting clients too. We have a number of administrative duties that will be taken care of by different 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 go ahead to ensure that the attorney presents himself in the event that it is necessary. This retainer is used as a lump sum upfront payment to retain the services of the given attorney. The attorney will then be tasked with deducting his hourly rates from the amount aforementioned. These retainers are usually reflective of a long term business relationship between the parties.
A contingency basis can also be embraced. It is mostly used in personal injury cases. This is to say that the lawyer will not receive any payment in advance. This attorney will only be paid a percentage of damages once the case has been won. These lawyers will often be quite picky about the cases they can handle.