Biphoo
Legal Center
Home Legal Tips Pay A Lawyer Wisely

Pay a Lawyer Wisely

User Calender 20 Jun 2017
View Icon 571 Views
Pay a Lawyer Wisely

Pay a Lawyer Wisely

 
There are certain times when you get caught up in a situation which involves a certain number of laws being imposed on you and then you feel the need of hiring a lawyer. Lawyers have always been assisting us in our legal matters making the case easier for us. It is important that we make business with the one who is a professional and who knows how to set things straight for us and make our case stronger. A deep insight and acknowledgment for your case are the prime criteria that he needs to fulfill to work for you. His experience and intelligence play the most important role in making your case much stronger. Thus it is very important for you to research well and then decide who to trust and where to invest your time and money. Lastly, the most important fact that influences your decision is the fact how much they charge you for their consultation and how often they charge you. You should always make sure that the fees you pay do not go out of your pockets. 
 
How Much Do Lawyers Charge?
 
The legal service does not come at cheap prices, the fees of a lawyer depend on the type of case you are stuck up in. you should always decide first that how much are you willing to spend or invest in these legal services. So that you get a rough idea of how much you are going to cut off from your pocket. Just always thought it this way that is you willing to spend what it takes to get a court to rule in your favor? You should first ask the attorney to briefly explain the procedure and the billing details, including how often you will have to pay the bills and at what time intervals are you required to pay the bills. There is certain bill paying arrangements for which you are required to pay accordingly and these are the following:
 
Hourly Rate
 
Flat Fee
 
Retainer
 
Contingency Fee
 
Hourly Rates: It is most commonly practiced. In this method, you are required to pay the attorney the fees based on the definite number of hours you have been spending with them consulting about your case until your matter gets resolved
 
Flat Fee: when any legal matter is simple and is resolved in a defined amount of time then the lawyers charge at a flat fee rate. In cases like wills, divorces, bankruptcy, and custody generally, lawyers charge you at a flat rate.
 
Retainer: In this, you are required to make an advance payment to your lawyer according to his hourly fees. He then puts this money in a trust account and deducts the fees already paid later from your complete bill. 
 
Contingency Fees: In this case, the lawyer does not take any money from the client but takes some percentage of the settlement that the client is going to get. For example in accidental lawsuits, debts collections, etc.

User Calender 20 Jun 2017
Views icons 571 Views
Share the joy
  • Biphoo Facebook
  • Biphoo Twitter
  • Biphoo Google Plus
  • Biphoo Linkedin
Recent News
Retirement dream -- more money for travel, less for health care -- tough to achieve
What you don't know about Social Security in 2018
Must-have tools and tips for year-end retirement planning
3 unexpected retirement costs that can shake up your finances
This is the maximum Social Security retirement benefit payable in 2018
Ask a Fool: IRA vs. 401(k), which is the better choice
Recent Articles
Searching For The Option Of Private College Loans, Find The Best Student Loan, Best Student Loan C..
Refinance Student Loans, Best Private Student Loan Options, Best Student Loan Companies, Choose Th..
Parent Plus Loans And Its Wonderful Advantages, Choose The Best Student Loans, Best Student Loan C..
Online College Vs. Traditional Degrees, Student Loan Consolidation, Best Private Student Loan Opti..
Knowing Everything About The Federal Consolidation Loan, Graduate Student Loans, Graduate And Prof..
How To Find Low-Interest Student Loans, Low-interest Student Loans, Find The Best Student Loan, Be..