If you are living in a modern and high-class cities like Dubai, there comes at some point of life you have to hire a Lawyer. It’s true for both business and individuals. Advocates in Dubai charge you as per the market norms. One of the main thing that has to look out before hiring a layers is the financial side. Most of the world’s best law firms have at least one office in Dubai.
How They Are Going to Charge You
Their charges mainly depends upon the complexity of the cases. The fee will increase as the complexity of the case increase. Some of them have a fixed fee and some charges you on an hourly rate basis.
Some of the way lawyers charge are:
Fixed Fees The UAE lawyers and law firms have fixed fees for certain types of legal work. This usually includes lease preparation, business formation, property transfers, the formation of trust or will, etc.
Hourly Fees This is one of the most common modes of payment agreement between a client and a lawyer. Here, the lawyer gets paid as the pre-agreed rate for the time he or she spends working on the case, until the time its resolved. Here is tip for you for not to end up paying much more than the market rates, while forming an agreement you put a maximum cap or a threshold limit to it. Else you might, and this may lead to unnecessary issues later on. Types of the case that usually go for hourly rate litigation, personal injury and accidental clams, etc.
Retainer Fee A retainer fee is an advance for any legal service. Retainer fee is paid before they provide you any assistance. Law firms of high repute maintain utmost transparency in its all financial transactions. Here, if the cost exceeds because of the nature of the case, the client will be given a detailed explanation for the same.Retainer fee's are negotiable. For cases like Accidental Claims and Personal Injury, there are few firms who reduces the retainer fee on compassionate ground.
Contingency Fees Here there is no advance payment, the lawyer is paid nothing in advance. Only if there is a positive financial outcome of the case, the lawyer receives the payment. This is for the cases such as medical negligence or malpractice. Depending on the law firm’s policy a client may or may not have to pay for initial expenses. Clarify if in case you receive a negative outcome, will you still be bearing any cost to the lawyer.
Before making any sort of payment, meet your lawyer and clear about the fee structure and all.
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AlSaadi Joined: April 26th, 2019 Articles Posted: 2
