Scenario An attorney accepts a new
matter at the hourly rate of $ 400, a 54 % markup above the firm's $ 260 / hour cost.
Not exact matches
Make it extremely clear that any additional work — no
matter how trivial or small — is of extra cost and charged
at your
hourly rate.
For other
matters at least, many still question the sustainability of
hourly rates.
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.
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.
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.
I bill
at a regular standard
hourly rate, unless you request my services on an emergency
matter.
Last summer, Howrey announced that all incoming first - year associates would enter into a two - year apprenticeship program designed to provide the newbie lawyers with extensive training before they move on to handling client
matters at standard
hourly rates.
This chart highlights median
hourly partner
rates for IP Litigation
matters at the «Largest 50» firms (those with 750 + lawyers) between 2011 and 2014.
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.
We generally calculate our fees on the basis of the time spent on the
matter by individuals
at specific
hourly rates.
In my small practice, I tell
hourly rate clients
at sign - up what I am not going to bill them for: travel time around town, speaking with them on the telephone (no
matter who makes the call), or writing and reading emails or letters.
However, it still requires two separate lawyers who bill
at high
hourly rates and can tend to complicate
matters.