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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