Depending
upon the type of work to be performed, the fee for legal services is
based on an hourly rate, a percentage of the amount recovered or a flat
fee. Bankruptcy work is usually a flat fee depending upon the chapter of bankruptcy filed.
For other types of litigation work, the factors which are considered in determining the fee to be charged are:
1. The time and labor required.
2. The novelty and difficulty of the legal questions involved.
3. The skill necessary to perform the legal services properly.
4. The likelihood that acceptance of the particular employment will preclude other employment by the lawyer.
5. The fee customarily charged in the locality for similar legal services.
6. The amount involved.
7. The results obtained.
8. The time limitations imposed by the client or by circumstances.
9. The nature and length of the professional relationship with the client.
10.
The experience, reputation and ability of the lawyer or lawyers
performing the services. In certain cases, credit arrangements for
payment of a fee can be made with the Attorney handling the matter. A
retainer (down payment) is required in most, but not all types of
cases.
Specific and detailed information regarding fees, credit arrangements and retainers is available upon request. jsiver@siverlaw.com
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