The truth about attorneys’ fees
It will be necessary to obtain an attorney to navigate through any legal process due to the amount of red tape that surrounds the legal arena. Also, it is a known fact that the best attorneys charge the most money. However, most attorneys’ fees can be divided into three types of payments that include contractual agreements, billable hours, and contingency fees.
Before any attorney accepts a client, they will request that the person seeking legal advice sign a written contract. This contract will set out all the fees and responsibilities incurred by the attorney for a case. In this first step, the lawyer will probably ask you for a sum of money to start working on a case.
The billable hours of a lawyer are also established in the contract. Like most professions, attorneys are paid on a scale based on the number of hours they spend on a case. The more time consuming a case, the more money an attorney can earn. These fees are non-negotiable once a contract is signed, so it is important to know how much work will go into any legal matter.
Finally, attorneys can charge their clients a variety of contingency fees. These costs are generated by the processing of legal documents, travel to and from court, and the number of visits or times an attorney is sought for advice. Contingency fees are miscellaneous charges increased by the client so that an attorney does not have to go out of their own pocket for materials or processing.
Attorneys’ fees can add up pretty quickly. While the attorney is there to assist the client, he will also bill for every hour that he can while serving as an attorney. Attorneys will collect fees on a contractual basis, for billable hours worked and for contingency charges during a case.