Lawyers' Fees: Difference between revisions
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* '''Contingency fees''': This is when the lawyer’s fee is based on a percentage of the money recovered in a legal action. Percentages vary, depending on several factors, but may range anywhere between 15% and 40%.
| * '''Contingency fees''': This is when the lawyer’s fee is based on a percentage of the money recovered in a legal action. Percentages vary, depending on several factors, but may range anywhere between 15% and 40%.
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Fee payment arrangements vary, depending on factors such as the type of case. In many instances, a lawyer asks for a retainer — a sum of money up front to cover fees for services as they are performed. The lawyer must keep that money in a separate bank account, called a “trust account”, until the services have been performed and a bill has been sent to the client. | Fee payment arrangements vary, depending on factors such as the type of case. In many instances, a lawyer asks for a '''retainer''' — a sum of money up front to cover fees for services as they are performed. The lawyer must keep that money in a separate bank account, called a “trust account”, until the services have been performed and a bill has been sent to the client. | ||
In addition to fees, lawyers charge clients for any disbursements incurred. Disbursements are payments made on behalf of the client and can range from court filing fees to medical reports. | In addition to fees, lawyers charge clients for any '''disbursements''' incurred. Disbursements are payments made on behalf of the client and can range from court filing fees to medical reports. | ||
== Solving the problem == | == Solving the problem == | ||
