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Attorney’s fees

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Attorney’s fees

QuestionsCategory: QuestionsAttorney’s fees
Moderators asked 49 years ago

How do attorneys set their fees and how much does it cost to hire an attorney?

3 Answers
Guest answered 3 months ago

Every lawyer or law firm has its own practices. Generally, after free consultation, if you decide to hire a lawyer, they will ask for a retainer. The retainer is like an escrow account. They estimate how much a case is likely to cost and ask for a check. The money is deposited in an account of firm/lawyer but generally they can only withdraw money for service rendered.
Example: an attorney may ask for $2000 retainer. If they bill per case, that money will be theirs once your case is settled/closed. If they bill hourly, they will invoice the number of hours worked on the case and if below the $2000 they will reimburse the balance, if more, they will bill you.
In any rate, you are entitled to an detailed explanation of billing practices when you contract a lawyer.

Guest answered 3 months ago

Typically, a lawyer will charge you for each hour or portion of an hour that the lawyer works on your case. For example, if the lawyer’s fee is $150 per hour and the lawyer works 10 hours, the fee will be $1500.
There are other arrangements that  lawyers can establish with clients.

Guest answered 3 months ago

Attorney’s fee refers compensation for legal services performed by an attorney, lawyer, or law firm for a client, in or out of court. It may be an hourly, flat-rate or contingent fee.

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