Sentences with phrase «hourly fee matters»

Bloomberg BNA Lawyer's Manual on Professional Conduct quoted Ronald Minkoff on «unfinished hourly fee matters of dissolved law firms».

To classify them as such, he said, would have «bizarre consequences,» such as allowing «a debtor law firm to sell its pending hourly fee matters to the highest bidder» — something Judge Pauley said would violate a client's right to choose attorneys.

Not exact matches

For that matter, if after going through a process like I've described you still have doubts about how to proceed, you could always seek a second opinion, so speak, and hire an adviser on an hourly or flat - fee basis to review your current adviser's analysis and recommendations.

That means using hourly billing, flat fees, contingent fees, and hybrid arrangements to suit each matter best.

But what if the $ 42 million fee comes on top of $ 18 million in legal fees, paid on an hourly basis for an estate matter, plus additional «gifts» of $ 5 million?

Both of these partners acknowledged that their alternative fee proposals are generated by guessing — generously — the number of hours a matter will require and multiplying that number by the hourly rates of the people who would spend those hours.

Whether you bill hourly or use alternative fee arrangements, knowing how much work you're putting into a matter versus how much you think you should or want to put into it is critical.

Insurance companies often hire and reimburse lawyers for representing insureds based on hourly fees, except perhaps for the most routine matters.

Last month, I wrote about the fact that hourly billing isn't going away, no matter what the industry predictors say about alternative fees, new ways of showing value, and new paradigms for delivering legal services.

Third, keep in mind that whatever your hourly rate or the total fees in any particular matter, someone out there will think the number sounds high.

«With increasing demands for predictable budgets in traditional hourly matters and the growth in fixed - fee and other alternative fee arrangements with clients, Parker Poe needed a solution that would help the firm manage these client needs more effectively and to do so profitably.»

A portion of the matter may be charged on a fixed or flat - fee basis, and a portion charged on an hourly rate basis, because parts of the engagement can not easily be defined.

In this hybrid of the hourly rate system, instead of specific hourly rates for individual fee chargers, one rate is applied to all hours billed on a matter regardless of whether it's for a partner, associate or paralegal.

For that matter, the quality of advocacy does not presuppose a fee based on an hourly rate at all, rather than some other basis for compensation.

** An hourly rate in excess of the guideline figures may be appropriate for Grade A fee earners in substantial and complex litigation where other factors, including the value of the litigation, the level of complexity, the urgency or importance of the matter as well as any international element would justify a significantly higher rate to reflect higher average costs.

Matters can be billed hourly, on a fixed fee or on a contingency.

Many solicitors will offer a fixed fee for the divorce suit as this is usually a fairly straightforward process without any requirement for attendance at court but instructing a solicitor to deal with financial or children matters is still usually charged based on an hourly rate and this is where the costs can creep up.

Over the 12 - month period ending December 31, 2015, 9.4 percent of matters submitted and processed via the CounselLink solution were invoiced, at least in part, under a fee arrangement other than traditional hourly billing.

Professional Misconduct: For legal, medical, or police misconduct and licensing matters our fees are typically either a flat fee or hourly or some combination;

Once again, you will have to report to your boss that while you do know your outside law firm's hourly rate, you simply can not predict or budget for how much this matter will ultimately cost the company in attorneys» fees.

Over the 12 - month period ending June 2013, 9.7 % of matters submitted and processed via the CounselLink solution were invoiced, at least in part, under a fee arrangement other than traditional hourly billing.

Matrimonial matters, civil files, and other types of litigation may be structured on an hourly rate, contingency basis, or block fee, depending on the nature of the case.

Total fees under an hourly rate system are frequently not limited by efficiencies, but rather by client controls, the size and scope of the matter, the lawyer's desire to be reasonable or at least not to alienate the client, and competition among firms.

We represent businesses and individuals in complex and high - stakes matters that often can not be handled efficiently by larger firms with higher fees and more rigid hourly billing rates.

Meanwhile, Stephen Parry from the legal team at The Co-operative Group says that fixed and capped fees work well for transactional work but when it's for something non-transactional and hourly fees are used, it is difficult to have a pragmatic conversation with a law firm about how much a matter is going to cost.

An in - house counsel for one of the largest corporations in America once told me that, no matter what the hourly fees were at the various firms used by her company, in the end, most of the firms tended to charge similar amounts.

As written in the fee agreement, the high - powered lawyer could request an additional charge, above the normal hourly fee, for matters that proved unusually difficult, or which required special priority or special expertise.

Because it depends so heavily on knowing only four variables number of staff, hourly rates, percentage commitment, and months to completion this budgeting method demonstrates the significance of controlling staffing and moving matters along, not just discounting hourly rates, to keep fees down.

That's why Lucent Law still offers comprehensive legal services in the traditional law firm model — although we remain committed to reasonable and clear legal fees, even with matters that are billed on an hourly basis.

In most matters, we can work based on regular hourly billing, quoted billing caps or fixed legal fees.

From flat fee payment arrangements to approaching legal matters from a project management perspective, traditional hourly billing models no longer define the legal industry.

Corporate clients in the current buyers» market are increasingly demanding lower, fixed prices and value - based Alternative Fee Arrangements («AFAs») in lieu of hourly billing — making law firms bear the «risk of loss» in uncertain but complex litigation and transaction matters — even as the costs of running law firms continue to climb.

Today's questions circle around fee issues, hourly rates and related matters.

To document my fee request, the court requires me to submit detailed, hourly time sheets — but I charge flat fees for these matters.

on types of AFAs tried provides a picture consistent with the provider perspective: discounted hourly rates far outstripped any other AFA type at 83 %, trailed by fixed fee per matter and flat fee to handle «all matters in a given area,» at 69 % and 53 % respectively.

Unfortunately, Florida courts are required — as a matter of law — to evaluate contested attorney's fees using the «lodestar» method (which is all about hourly billing, see here).

A key to operating successfully under alternative fee arrangements or under an hourly rate arrangement disciplined by a rigorous budget will be open and frank discussions between outside counsel and the client regarding management of the matter.

So at its core this case boiled down to one legal question: are courts prohibited — as a matter of law — from evaluating contested trustee fees on any basis other than some form of hourly billing?

LegalVIEW - powered industry benchmarks deliver visibility into matter - based fees, durations, staffing allocations, and hourly rates, which enables clients to improve the certainty and the predictability of legal spend across entire matter and case portfolios

We generally calculate our fees on the basis of the time spent on the matter by individuals at specific hourly rates.

Over the 12 - month period of 2013, 12.4 % of matters submitted and processed via the CounselLink solution were invoiced, at least in part, under a fee arrangement other than traditional hourly billing.

Budgeting and delivering within budgets or fixed fees are necessary new skills — whether matters are priced hourly or under alternative fee arrangements.

Clients are generally not pleased when they find out a fixed fee only applies to matters covered by the legal management plan and they might have to pay an additional fixed fee or an hourly fee to cover the extra services; unnecessary communications are discouraged; they have less control over who works on their files; an advance cash retainer is required; and fees are payable anyways on a monthly or interim basis.

Lawyers should have in matrimonial matters a capped fee or capped hourly charge limited to X hours — you would see many divorces get settled quickly as the incentive to milk everyone by the lawyers and system is gone.