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Flat
Fee vs. the Billable Hour
Typically, when
you hire a lawyer you pay a certain amount up front (called a
retainer) and the lawyer bills you hourly for all the work he or
she (and the staff) does on your case. Your hourly charges are
billed against that retainer and when that is used up, you give
the lawyer more money. Until the conclusion of your case, you keep paying, and
the lawyer keeps billing you by the hour, usually in 6 minute
increments for everything he or she does on your case--and I
literally mean everything. Spend 10 minutes on
the phone talking with your lawyer about a question you have and
you'll see that call on the next month's billing statement:
"Phone consult with client: 0.2 hrs." And depending on
what your lawyer's hourly rate is, that one phone call can cost
you anywhere from $30 to $100 or more. With flat fee billing,
you've already
paid for that phone call--and every phone call--up front.
Paying a lawyer
by the hour to
handle your case makes budgeting for your legal fees
difficult. Hourly billing is open-ended, and puts you, the
client, in the position of not knowing how much your divorce or
other Family Court matter is going to cost until your case
settles or at the conclusion of the trial when the judge issues
the final decree. With flat fee billing, you know before your
case even starts how much you're going to have to pay your
lawyer. The only variables are costs and expenses, and I always
work with clients to keep those as low as possible.
A flat fee gives you the
certainty of knowing what the total expense for legal fees will
be. You don't have to worry about monthly statements that list
every letter, fax, phone call, and e-mail and what you had to
pay for each one based on the time that was spent doing them.
And since very few matters in Family Court are decided quickly,
you won't go for months worrying about how
much your legal fees will ultimately be and how you're going to
pay for them. With a flat fee you know from the start and can
budget accordingly

The information
and material contained in this website are for general
informational purposes only. It does not constitute legal
advice and should not be used or relied on as such. Any
liability that might arise from any use or reliance on the content
of this website is expressly disclaimed. Your use of such
content does not create an attorney-client relationship; only a
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any communication you send to us via the internet or through
e-mail may not be considered confidential. Gary M. Frazier
is licensed to practice law in the state of South Carolina only. |