Different Ways to Pay Your Lawyer

The Different Ways To Pay A Lawyer

If you’ve never hired a lawyer before, you may have questions regarding payment. Most attorneys ask to be paid in one of three ways. Read on to learn more about the most common payment options:

Contingency: Many lawyers are willing to work on contingency. This means that the attorney will only be paid if their client wins their case. Most lawyers will only take on these types of cases if the client is likely to receive a settlement. Some lawyers may ask for a percentage of the settlement rather a flat fee.

Paying By The Hour: A number of lawyers bill by the hour. If a lawyer charges an hourly rate, you will be billed for each hour of time that an attorney spends working on your case. This is the most common payment method for attorneys.

Many lawyers that charge an hourly rate will also ask clients for a retainer. A retainer is essentially a down payment on a lawyer’s services. In most cases, any unused portion of the retainer will be non-refundable.

Paying A Flat Fee: Some lawyers will be willing to quote their client a flat fee. The client will only have to pay a single, onetime charge. They won’t receive any additional bills from the lawyer.

Attorneys are usually only willing to charge flat fees for certain types of jobs. For example, it’s not unusual for lawyers to charge a flat fee if they are preparing a will or reading over a contract for a client.

There are many different ways to pay a lawyer. If you are meeting with an attorney, you should ask them what they charge and how they would like to be paid. You should have a clear picture of what your legal expenses will be.

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