Attorneys' Fees
- Hourly- where the client pays an agreed upon hourly rate for those working on the file
- Fixed-where the client pays a fixed amount of fees, without regard to time spent or result achieved
- Contingent-where the client pays a % of the gross recovery, if one is achieved, and regardless of hours spent
- Hybrid-any combination of the above components and formats which are fair and reasonable to the client
In considering a client’s request for engagement, and in proposing a fee agreement, the following factors are considered:
a. the time and labor required, the novelty and difficulty of the questions involved, and the skill requisite to perform the legal service properly;
b. the likelihood that the acceptance of the particular employment will preclude other employment by the lawyer;
c. the fee customarily charged in the locality for similar legal services;
d. the amount involved and the sources available for collection of any recovery;
e. the time limitations imposed by the Client or by the circumstances;
f. the nature and length of the professional relationship with the client;
g. the experience, reputation, and ability of the lawyer or lawyers performing the services; and
h. whether the fee is fixed, hybrid, or contingent on results obtained or uncertainty of collection.