We have witnessed a significant improvement in the number of lawyers that have come up in the recent past. These lawyers will help you to handle various legal issues. It is however valuable for you to be made conversant with what it will cost to secure 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. Here are some of the most notable forms of billing that you might be subjected to.
A good number of lawyers have actually embraced the flat fee. You will learn that so many lawyers do not actually appear in 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. This is what will make sure that you are barely caught by surprise at the end of the day.
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. This includes the location, their experience and the complexity of this case. You will also be subjected to the billable hour concept. this does indicate that you will be billed for the time that the attorney puts in research, meetings as well as drafting of motions. We have a number of administrative duties that will be taken care of by different professionals. There will be a different bill for this.
Then comes the retainer as well. This is often applicable if a client needs extensive or even frequent legal services. This is what will make sure that the lawyer is at your disposal whenever 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 be tasked with deducting his hourly rates from the amount aforementioned. 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 commonly used by car accident lawyers. This is to say that the lawyer will not receive any payment in advance. This attorney will only be paid a percentage of damages once the case has been won. Such lawyers tend to be quite choosy when it comes to picking the case to attend to.