Cost is an important factor to many individuals who are looking for a lawyer. This service refers callers to private market-rate attorneys only. The following should help you understand the fees involved in hiring an attorney.
You should sign a retainer agreement when authorizing the attorney to work for you. The retainer agreement is your contract with the attorney. It should specify how you will pay (hourly rates, contingency and flat fees, or retainers) and the cost of various legal services (research, drafting of documents, filing fees, court hearings). Read your contract carefully and keep a copy.
Attorney Fees:
Flat Fees: The attorney provides a specific service for a specified fee. This arrangement is most common in simple cases like the purchase of property or the preparation of a will or trust.
Contingency Fees: The attorney is paid only when money is collected for you, usually a percentage of the amount recovered. However, you will need to pay some costs “up front,” such as filing fees and court costs. A contingency arrangement is possible only if you are seeking monetary damages.
Retainers and Hourly Fees: The attorney often will ask for a retainer, or advance payment, before working for you. The attorney will then subtract hourly fees from this retainer. You should receive itemized statements listing services provided and fees charged.
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