Posts Tagged ‘lawyer fee structures’

For lawyers, the mystification regarding the laws surrounding lawyer referral fees can be a common complaint.  As I mentioned in an earlier article, only lawyers can receive referral fees.  Many attorneys think this is an outdated practice, as it completely goes against how most other businesses operate. Giving someone an incentive to help you bring in new business should not be considered a crime. And yet, referral fees to non-lawyers is considered attorney misconduct. Today I ask you – should it be? (more…)

hidden bankruptcy fees

Okay, you already know that filing for bankruptcy is a very serious decision and not one you should make without studying up on and considering alternatives for. When doing so, it’s important to remember that there is no quick fix to bankruptcy as there are countless hidden bankruptcy fees, lawyer’s fee structures, court costs and all around annoyances that are associated with this “simple” way of relieving your debt. Here’s an idea of some of the bankruptcy fees you should expect when filing for bankruptcy.

Bankruptcy Fees #1 – Lawyers’ Fee Structures

Attorney Billing Still Applies to Bankruptcy!

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Joshua Just Lawyer Fee Structures

For anyone searching for information on how much a lawyer will cost, the lawyer fee structures seem like a complicated and often misunderstood process. However, rest assured that the number one lawyer fee structure (hourly rate) is pretty straightforward. Here is an explanation of how the different types of lawyer fees are generated.

Lawyer Fee Structures #1: Hourly Billing

Hourly billing is the most common way lawyer fee structures are set up and how most attorneys make their money.  The lawyers typically get paid an agreed-upon hourly rate for the hours he or she works on a case until it is completely resolved.  This is the most common practice of lawyer fee structures because it adequately assesses all the “behind the scenes” work that goes into the majority of cases – phone calls, research, analysis, etc – that are accomplished whether a case is won or lost.  Rates vary considerably per attorney. From lawyers.com:

“Rates may vary anywhere from $50 an hour to a $1,000 an hour or more…Hourly billing rates can often depend on a combination of the lawyer’s professional experience and reputation.”

In addition, law offices may also charge for the time of other legal personnel. For example, hourly billing rates for senior paralegals and legal assistants vary significantly.

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