BILLING
PRINCIPLES
The
firm’s attorneys handle cases using a wide variety of fee
arrangements. Some matters are handled on an hourly basis, others on a
fixed fee basis, and still others pursuant to contingent fee
agreements. In all instances, we strive to charge reasonable fees for
our work that reflect, among other things:
*
the time and labor required to complete the representation;
*
the novelty and difficulty of the issues involved;
*
the skill required to perform our services properly;
*
the fees customarily charged to the firm’s clients for similar
services, as well as the fees normally charged by other attorneys in
the area for similar services;
*
the likelihood that accepting the representation will preclude our
ability to accept other matters for other clients;
*
the results obtained for the client;
*
time limitations imposed by the client or the circumstances of the
engagement;
*
the experience, reputation and ability of the lawyer or lawyers
performing the services; and
*
the degree of cooperation, or lack thereof, we receive from the
client, opposing counsel or third parties to the matter or
transaction.
In
establishing hourly rates for the firm’s lawyers, we have taken each
attorney’s experience into consideration, as well as the complexity
of the services likely to be provided. The time is recorded as an
approximation of the actual time taken, and minimum charges may apply for certain functions. While from time to time the lawyers of the firm may waive
charges, offer credits or reduce recorded time billed, the firm reserves the right to
increase time billed under our hourly billing method to
account for the various considerations discussed above. These
adjustments are intended to reward efficiency, produce comparable fees
for clients receiving similar services and promote client
satisfaction.
A
copy of the firm’s basic contingent fee agreement can be reviewed.
There are certain instances when the firm will not accept
representation on a contingent fee basis. These include:
*
domestic relations matters where payment is contingent upon securing a
divorce for the client or upon the amount the alimony or support
received by the client;
*
representation in criminal cases
For the
firm’s new clients, fee arrangements are confirmed at the outset of
representation using an engagement letter. The firm requires new
clients to review this letter and then sign and return a copy to the
attorney handling the case before the firm is formally engaged.
Engagement letters customarily describe the work to be performed, the
fee arrangements that will apply and other matters relevant to the
representation. In many instances, an estimate of the expected fees or
range of fees will be included as well.
All clients
are strongly encouraged to discuss fee arrangements as early in the
representation as possible and to relay any questions or concerns
about the firm’s fees to the attorney handling their case or to our
billing department.