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Understanding The Different Types Of Fees From Your Lawyer

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One major consideration to take into account before hiring any sort of lawyer is their fees. Depending on the complexity of the case, the amount of evidence that needs to be obtained, expertise required, and the reputation of the practicing attorney, the fees can change drastically. Let’s take a look at the various kinds of fees that an attorney may charge so that you better understand why they require the rate they do.

Consultation Fee

Some lawyers will charge you a consultation fee for your initial meeting. This is typically a fixed or hourly fee that is determined by the lawyer. Before you set up a consultation with a lawyer be sure you are aware of whether they will be charging you for a consultation fee or not.

Contingency Fees

Many practicing lawyers will not charge you unless they win your case. This is what working for contingency fees means. This fee is typically a set percentage of the amount awarded to you in your case. If you lose the case, your lawyer doesn’t charge a contingency fee.

Flat Fee 

In some cases, your lawyer will charge a flat fee instead of a percentage or per hourly rate. This is typically done in more routine cases, such as an uncontested divorce or a will.

Hourly Rate 

This is the most common fee arrangement you will come across when dealing with your lawyer. There will be a set fee per hour that the lawyer spends working on your case. This hourly fee will fluctuate depending on the type of legal work that needs to be accomplished.

Referral Fee

If your lawyer is not experienced in a certain area of the law, it’s typical for them to refer you to another attorney that is. Your lawyer may ask for a referral fee, which is a portion of the total amount that you pay to the other attorney. These are not always eligible to be paid depending on the local and state Bar Associations rules.

Retainer Fee

This type of fee can mean different things depending on what sort of attorney you are dealing with. For train lawyers, you may be required to pay a set amount of money into a special account. Anytime you need the legal services of your this lawyer, they simply deduct your legal charges from the special account.

In other cases, a retainer fee may be a monthly, yearly, or set amount that you pay for an attorney to be on call whenever you need their assistance. This is what most people think of when they are talking about a retainer fee for a lawyer.

Statutory Fee

This type of fee is a general court clerk fee that is established by a statute or individual court. These types of fees are most common in bankruptcy, probate, and other similar court proceedings.

It’s important that you understand the fees you are being charged by your lawyer. If you don’t understand what some of their fees are, be sure to simply ask them.

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