What Can You Expect to Pay in Attorney Fees?
Hiring the services of an attorney for the first time sounds like it could be an expensive feat. If you’re up against a legal issue, thinking about how much you will have to pay in attorney fees is an added stress that is only likely to compound your worry.
Additionally, since legal fees can be complicated, it can be tough to determine how much you will end up having to pay.
In order to help you navigate the average consulting fees of a lawyer, here is everything you need to know about a lawyer retainer and fees.
How Lawyers Charge Clients in Attorney Fees
Experienced attorneys are legal professionals, and they expect to get paid. There are three main payment methods that attorneys use, including hourly, fixed, and contingent payments. Before you decide on a lawyer to hire, you need to know the difference between these payment forms and which one will work best for you.
Hourly: Lawyer hourly rates are the most common attorney fee method. The price charged, however, will depend upon your location, type of case, and the lawyer handling your claim. As a general rule of thumb, you can expect to pay between $150 and $400 per hour
You will need to pay your hourly fees regardless if the attorney wins or loses your case. Additionally, one of the key aspects of hourly attorney fees is the billing increment. Most lawyers track their time in six-minute, or 1/10th, increments.
Fixed or Flat Rates: A lawyer who charges a fixed or flat rate will charge their clients a set fee for a specific type of service. The fee can be anything the lawyer and you agree upon, from $200 to $10,000.
Generally, attorneys will only provide simple legal services for flat fees. More complicated claims will be charged by the hour.
Contingent: This type of attorney fee is one that you will have to pay if a particular outcome or event happens, such as winning the case or reaching a settlement. If the attorney wins your case, you will pay them. If they don’t, you don’t have to pay a dime. Many contingency fee agreements involve class action, medical malpractice, or personal injury lawsuits.
Selecting the Right Attorney Fee Agreement for You
It’s important to discuss the fee methods with an experienced attorney, such as Gordon Thompson DUI & Criminal Attorney, before you decide to sign a contract. A good lawyer will thoroughly explain all of the aforementioned payment arrangements to you and help you decide which one best caters to your unique needs.
The Bottom Line
Attorney fees can be expensive, but there is a lot more to lawyer fees than you’re led to believe. If you’ve never hired an attorney before, these fees can seem intimidating. But before you sign a contract or pay any money, you must educate yourself on how much hiring an attorney will cost you, and what you can and cannot afford.
For more legal advice, be sure to check out the rest of our blog.