Guide to Business Lawyer Cost and Service Charge

Posted by leslierickson on January 28th, 2020

Law firms are the type of businesses that are only interested in making profit. Legal fees are often times decided on the current market trends. If the standard minimum amount asked/charged by the lawyer comes close to the 0 bracket, most other lawyers will also charge the same or sometimes even more than that. Houston business litigation lawyers have certain expenses that they are obliged to pay, which primarily includes payroll for secretaries, paralegals, and other professionals and rent and utilities for the office space. Lawyers are smart and they take all these expenses into consideration when deciding their rates.

Distinction between legal costs and fees

While some folks may have heard promotions for free legal services unless they win their case, this type of marketing generally does not necessarily translate to equal legal costs as well as fees. Legal fees are the costs charged by the lawyer for his or her time, whether he or she is arranging documents, preparing for the court sessions or just attending a hearing. With regards to legal costs, all the expenses are not directly associated with the lawyer’s investment of time that comes up in the process. The expenses can occur due to postage, phone call charges, deposition expenses, filing fees, discovery expenses and other expert witness fees. These costs can also be with regards to quotes included for legal services and in most scenarios needs to be paid out of pocket by the clients.

Different billing structures

There are many various methods that the best civil litigation attorney in Houston can ask for his or her expert legal services. The lawyer and client can work out a particular structure that works for he both of them as long as they agree to it and the arrangement is not illegal by any means in their jurisdiction. The lawyer and client also have the freedom to negotiate the final rate. This type of information can sometimes be a part of a written agreement between both the parties (lawyer and client).

Some commonly practised types of structures are discussed below:

Hourly rate - This is one of the most common fee structure for a business lawyer. This structure takes the number of hours into account that the lawyer has worked and multiplies it by his hourly rate.

Flat Fees - With this fee structure, a lawyer generally charges a certain amount of money for every type of case he, irrespective of how much time the work actually requires.

Statutory Fee - In some special cases, lawyer’s fees are dependent on a state statute, such as dictating the service charge that the business lawyer will receive in a bankruptcy case.

Author: The author is a blogger and the article is about business lawyer.

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leslierickson

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leslierickson
Joined: April 12th, 2019
Articles Posted: 13

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