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. These lawyers will help you to handle various legal issues. There is however a need for you to be familiarized with the average fee you will pay for their services. It is necessary to mention that attorneys rely on distinct ways to bill their clients. This will more than often be based on the type of attorney as well as services offered. A few of the most common forms used will time and again comprise the following.
The flat fee has become quite common among so many lawyers. You need to keep in mind that a good number of attorneys barely make it to the 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. It will be more prudent for these lawyers to opt for a flat fee. This means that both the attorney and client will be certain of the fee from the beginning. It is through this that you will be cushioned against being caught by surprise some time later on.
You will also note that the hourly rate can be embraced. There are various factors that will influence the rate arrived at. This will more than often include how experienced the attorney is, the simplicity of the case at hand and even location. There will also be a concept known as a billable hour. 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.
You will also learn of the retainer. This will come in handy in case the client requires comprehensive as well as frequent legal representation. 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.
The rate can also be on a contingency basis. It is mostly used in personal injury cases. This is to say that the lawyer will not receive any payment in advance. The lawyer will be paid a percentage of the damages secured in the long run. These lawyers are usually very selective in the cases that they take in.