The Basics to Lawyer's Fees and Services
Any legal dealings are affected by laws. These can be anything from getting married, driving a car, having a dog, buying a new home or starting a new business. It is highly advisable to discuss with your lawyer on the first visit what exactly his fees and services are before proceeding with your business. There are many factors that may have a direct effect on the final costs involved. Therefore, it is your right to know how much you are going to be charged, when you will be required to pay and the total sum of the case in general is likely to be. Discussions such as these at the very beginning of your dealings with your lawyer will prevent misunderstandings in the future and if you want to employ him or not.
The ethical conduct of lawyers allows competitive but reasonable fees and services provided at rates that equal the skill required to obtain the achieved results.
There are three main ways that lawyer fees are determined:
- Time based: the fee is determined according to hourly rates.
- Contingency: this is largely based on the eventual outcome of the case.
- Flat rates: many times lawyers have a set price for actions performed (e.g. Handling real-estate closing).
When calling for an appointment it is advisable to enquire about initial consultation fees. This practice and policy varies widely. Many lawyers don’t charge for initial visits, however some do. It is your decision to proceed with that particular lawyer; you have no obligations and are free to consult with others. So don’t get trapped with an unwanted bill, ask first!
When a lawyer has been decided upon, it is advisable to request a written agreement stating the exact fee arrangement. As with any contract, you need to read it carefully and keep a copy for yourself.
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