Definition of «fee basis»

The term "fee-basis" refers to a method of payment for legal services, whereby the attorney charges an hourly rate or a flat fee for their work. This means that the client is responsible for paying the lawyer's fees regardless of whether they win or lose the case. In other words, the lawyer is not paid on a contingency basis (i.e., only if they are successful in winning the case). Instead, the attorney charges their clients based on the time and effort spent working on their behalf.

Sentences with «fee basis»

  • To ensure lenders of all sizes and types can participate in the market, no lender should receive discounts on fees based on volume or market share. (usmi.org)
  • The trend today has been toward contingency fees based on a percentage of the final settlement amount. (fairassociation.ca)
  • Not only is your initial consultation with an injury attorney at our firm free and completely confidential, but we work on a contingent fee basis on all accident and injury claims we handle. (beverlyhillspersonalinjuryfirm.com)
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