Hiring legal aid is helpful. Lawyers are almost always required to have insurance against medical errors. Of course, lawyers must also have seven years of post-secondary education and also pass the “exam of order”.
As with hiring any accredited person, there is a cost. There are a few main methods for determining legal fees.
Most lawyers charge clients for lawyers’ time. This hourly rate structure provides that an attorney will charge an hourly rate of $ 75 to $ 750 (for our region) per hour for the time the attorney spends on a client’s work. Understandably, hourly rates for more experienced lawyers are generally higher than rates for less experienced lawyers. Most lawyers charge a lower hourly rate for the time invested by their legal assistants and administrative assistants.
Many lawyers no longer charge for photocopies or for the use of long-distance telephone services or fax machines. However, the time invested in making calls, faxing and e-mail is usually charged as part of a law firm’s hourly fees.
Most of the time, in the context of personal injury issues, lawyers can charge their clients a contingent fee. This contingent fee can vary from 25% to 45% of the amount recovered for that customer. This structure essentially means that the more the client receives, the more the lawyer receives. Attorney advertisements stating that “I am not paid unless you are paid” are explaining contingent fee agreements. In these agreements, if the attorney does not recover any money for the client, the client may still be required to pay people other than the attorney, such as expert witnesses, court reporters and filing fees.
The collection of contingent fees is generally not allowed for many domestic matters (divorce, etc.) and criminal matters. Therefore, a lawyer cannot set the fee at $ 5,000 if the client is found not guilty and only $ 500 if the client is found guilty.
Some companies have legal subscription services that are provided to company employees. There is usually a limit on the scope of work that can be provided free of charge to employees of companies that have this agreement.
Many lawyers charge a flat fee for work. For example, a will can cost from $ 150 to $ 750. This is more common in transactional matters, such as estate planning, real estate and probate / estate management. The larger and more complex the transaction, the higher the fixed rate.
Many lawyers ask for a bond or deposit to start the job. Until a lawyer does the work to earn the payment, the lawyer cannot put the payment money into the lawyer’s personal bank account. Instead, until the job the retainer covers is paid, the attorney must keep the money held in a separate account that is supervised by the Ohio Supreme Court.
Lawyers can try to provide estimates of the total legal fees for a project. However, especially for court cases, the totals are often difficult to estimate in advance because it is often impossible to know the expectations of the opposing parties and to resolve.
Lee R. Schroeder is an Ohio licensed attorney with Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agricultural issues in northwest Ohio. He can be contacted at Lee@LeeSchroeder.com or in 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based on the specific facts and circumstances you face.