In part one of this series, I discuss the various ways that may be available to pay for legal services from an attorney. The first we discussed was contingency fee (link). Now I will move on into hourly rates.
Hourly rates are often charged by attorneys who represent large organizations such as corporations, non-profit organizations or other entities capable of affording legal services on an hourly basis. This fee structure is most commonly used in connection with corporate law, business litigation and insurance defense. Hourly rate billing is the most expensive type of fee arrangement for clients.
In this circumstance, you are billed on a monthly or quarterly basis for the time actually spent by your attorney or his agent performing work on your case during the billing period. Lawyers who charge on an hourly basis bill for everything to include, but not limited to, phone calls, copies, consultations, letters and email, research, court appearances, travel time, and any other time spent working on a case.
Before agreeing to an hourly fee structure, it is important to know what types of services are billed; how often; in what time-increments; and at what rate. Firms may charge varying rates depending upon who in the organization actually performs the billed service such as a secretary, investigator, paralegal, associate attorney or senior-level attorney. As stated above, hourly billing is most often employed by lawyers who represent corporations or wealthy clients. It is also used in connection with family law work; estate and tax planning; elder law; areas of civil law other than personal injury; and complex criminal defense cases.
Please read part three where I will discuss the final fee structure, the flat rate fee. (link)
If you are in need of quality and experienced legal representation, and you want a lawyer who is responsive to your needs; returns phone calls; is available to you anytime and anywhere; knows the law; and will fight for your rights, call Attorney John L. Calcagni III today for a free consultation. Contact us now at 401-351-5100 or jc@calcagnilaw.com.
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