Types of Fees
This is a fee charged only if the legal matter is successfully completed and a recovery is obtained on behalf of the client. Such an arrangement is most common when the client being represented has been injured in a personal injury case such as an automobile accident, a bicycle crash, a construction site accident, a slip and fall accident or as the result of medical negligence. The law firm will receive a fee based on the nature of the case which at no time will exceed 33 1/3%.
The fixed fee or flat fee arrangement occurs when the law firm handles a matter for a sum certain or for a certain amount for a designated period of time such as per day, per week or per month. Fixed fees can be subject to an overall cap for each stage of a case, or can be for a fixed amount for a designated time period. The specific amount of any fixed fee can be tailored to the nature of any given matter. Client’s who desire budgeting certainty often find fixed fee arrangements attractive.
At Dreyer Boyajian LaMarche Safranko we consider a number of factors in determining a legal fee including:
The time limitations imposed by the client or by the circumstances
The expected duration of the professional relationship
The nature of the case and the issues involved
The probability of declining other clients or work as a result of the acceptance of a certain matter
Our degree of expertise and past experience
Time Charges Fee
This fee is based upon the time spent for our professional services. The total cost to the client is calculated based upon the hourly rate and the total number of hours devoted to the client’s matter.