What are typical Lawyer fee arrangements?

2009-11-02 16:36 from: LA auther: LA read:
What are typical Lawyer fee arrangements? Standard payment arrangements an attorney may suggest include: Hourly rates Flat fees Retainers Contingent fees Hourly rates are the most common arrangement. Here, the attorney gets paid an agreed-u

What are typical Lawyer fee arrangements?

Standard payment arrangements an attorney may suggest include:

Hourly rates
Flat fees
Retainers
Contingent fees
Hourly rates are the most common arrangement. Here, the attorney gets paid an agreed-upon hourly rate for the hours he or she works on a client's case or matter until it's resolved.

How much is an hourly rate?

It depends on each attorney's experience, operating expenses, and the location of his or her practice. Cheaper is not necessarily better when it comes to your legal protection. A more expensive lawyer with a lot of experience may be able to handle a complex problem more quickly. Also, an experienced attorney will be able to better estimate how many lawyer hours a particular matter will take to resolve. 

----------------------------------