In the first two parts of this series, I discuss the contingency fee plan, and the hourly rate fee plan. The final part in this series will discuss the flat rate fee.
The third and last type of fee structure is the flat rate fee. With this arrangement, you and your attorney agree upon a flat rate for all legal representation pertaining to a particular matter regardless of the time and effort needed to perform the agreed-upon legal work. Some clients prefer this form of payment because it limits their financial exposure and provides them with certainty regarding the cost of legal representation. Lawyers who charge flat rates take the risk that the fee they quote will fairly compensate them for the estimated time needed to perform the required legal service.
In some instances, the lawyer may complete his work in less time than expected, and therefore, enjoy a financial windfall from a flat fee arrangement. Alternatively, and in many cases, lawyers underestimate how much time and effort is required on a particular case. In these instances, lawyers assume this risk that the quoted flat rate is not fair compensation for the actual work required. Flat rates are very typical with criminal defense cases. Many attorneys charge a flat rate for all pretrial representation related to a case, and then a second installment flat rate if and when a case is scheduled for trial.
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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