Some potential clients are hesitant to obtain the help of legal counsel out of concern for the price tag that comes along with it. Fear not. The following will outline the most common pay arrangements involved in hiring an attorney, including contingency fees, flat rates, and hourly rates.
Contingency fees involve an arrangement between an attorney a client that offers the client the possibility to retain an attorney without being required to make a down payment. Instead, the attorney is awarded a percentage of any compensation that is ultimately awarded in the case. For people who have difficulty paying up front, this plan is often the best choice. The exact contingency agreement will be reflected in a formal written document that is made before the attorney is retained. Contingency fees are the most common fee arrangement used by personal injury attorneys.
In a flat fee arrangement, the clients pay a flat rate to their lawyer. While some clients decide to pay 100% of the fee upfront, others decide to put the agreement in writing, so the client can pay a certain amount of the fees later. The exact rate that your lawyer will charge depends on his or her experience working cases similar to yours. If there is uncertainty about the how much work the case will mandate, paying a flat rate fee can be a gamble for both the client and the attorney. However, unlike hourly fee arrangements, clients know exactly what the case will cost. Flat rate fee agreements are typically used in criminal cases.
Hourly rates involve you paying your attorney a certain amount for each hour he or she spends on your case. Many lawyers have an hourly fee that they charge clients, but it is up to you to determine if this rate is agreeable. If you decide to select hourly fees, it is important to first understand how much time the lawyer plans to spend on your case. It is often only a good idea to select hourly fees if you have the finances to pay this amount because if you do not pay the bill the lawyer may withdraw for your case.
If you have questions about the personal injury process or steps you should take to defend a criminal charge, you should not hesitate to speak with an experienced attorney. At Kruger & Hodges, we can even discuss the various available payments option during an initial free consultation. We understand that many people might not have the money upfront to pay for lawyer’s fees. Contact us today so that we can begin taking the steps necessary to make certain that your case resolves in the best possible manner.