fixed fee family law legal agreements
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Read about various reasons clients should consider a fixed fee agreement for a family law case. - PowerPoint PPT PresentationTRANSCRIPT
Fixed Fee Family Law Legal Agreements
When hiring a lawyer for family law litigation, clients usually pay for his or hertime by the hour. Generally, a client pays a retainer fee up front which theattorney bills from hourly. Then the client is sent a monthly bill after theattorney has earned over the amount the client paid into the retainer fee.Fixed fee billing for legal services offers a potentially more cost-effectivealternative. In this type of agreement, a client pays an up-front cost forrepresentation for a specific legal action such as a guardianship or anuncontested divorce proceeding. Following are five reasons clients mayconsider a fixed fee agreement for a family law case.
1. Clients can plan for how much the bill costs ahead of time. A fixed feeagreement allows the client to know how much the matter is going to costbeforehand. This differs from hourly billing, which requires the client to pay aretainer up front at the time the attorney is hired and to pay any bills thatcome due after the retainer fee has been exhausted. Both the lawyer and theclient know what to expect in terms of payment when a fixed fee agreement isutilized.
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