We have witnessed a significant improvement in the number of lawyers that have come up in the recent past. These lawyers will often be the ones to take care of various legal issues. However, it is important for you to understand the average cost of their services. You will witness that different attorneys have embraced 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. Always remember that there are so many attorneys that seldom go to court. These lawyers spend so much time filing paperwork, drafting documents and even consulting with different clients. Embracing a flat fee for such lawyers tends to be more sensible. This is indicative of the fact that the client as well as attorney will have reached a suitable rate 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. We have so many factors that are behind this particular rate. Such will time and again include the location, complexity of the case as well as the experience borne by the attorney. You will also note that there will be the billable hour concept. This implies that the client will be billed for each hour the lawyer spend on research, motion drafting as well as meeting. 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 is often applicable if a client needs extensive or even frequent legal services. This will ensure that the lawyer is available to handle whatever 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. Retainers are usually embraced in the event that this will be an extended professional relationship between the two.
It is also possible for the rate to be on a contingency basis. It is mostly used in personal injury cases. This implies that no payment will be made to the attorney upfront. 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.