Setting fees for legal services is obviously a major issue to consider, not only when establishing your practice, but throughout the life of your law firm. There are various ways to price your fees. Some methods require heavy calculations, while others simply require you to survey the market to help determine your fees.
As part of determining the pricing method you wish to use to set your fees, you need to consider the available pricing options. There are various ways to charge for your your legal services – hourly, contingent fee, fixed rate, or some alternative structure. This article discusses hourly pricing.
In conjunction with an evaluation of the different pricing methods, you must also determine whether you want to use hourly billing, contingency fees, fixed fee, or an alternative fee structure. This article focuses on contingency pricing.
As part of determining how much your small law practice should charge client for your work, you need to also consider the various pricing options, such as hourly billing, contingency fees, fixed fees, and alternative fee structures. This article focuses and fixed or flat fees and retainers.
Although the billable hour has long been considered the gold standard for law firm fees, the truth is that this is not always a fair or straightforward way to receive compensation.
A law firm's practice of forgoing the recovery of printing and scanning expenses builds goodwill only if the clients understand the amounts involved.