North Carolina Contract to Employ Law Firm - Hourly Fee - with Retainer

State:
Multi-State
Control #:
US-01959BG
Format:
Word
Instant download

Description

Attorney's fees are assessed in a number of ways, usually set by contract in advance of the representation, including by billable hours, flat fees, or contingent fees. Attorneys who voluntarily accept work on behalf of indigent clients often work pro bono. An upfront fee paid to a lawyer is called a retainer. A contingent fee is a percentage of the monetary judgment or settlement.


The range of fees charged by lawyers varies widely from one city to the next. Most large law firms in the United States bill between $200 and $500 per hour for their lawyers' time, though fees charged by smaller firms are much lower. The rate varies tremendously by location as well as the specific area of law practiced.

Free preview
  • Preview Contract to Employ Law Firm - Hourly Fee - with Retainer
  • Preview Contract to Employ Law Firm - Hourly Fee - with Retainer

How to fill out Contract To Employ Law Firm - Hourly Fee - With Retainer?

US Legal Forms - one of the largest repositories of legal documents in the USA - provides a range of legal template documents that you can download or print.

By using the website, you can access thousands of forms for both business and personal purposes, organized by categories, states, or keywords.

You can obtain the latest versions of documents such as the North Carolina Contract to Hire Law Firm - Hourly Rate - with Retainer in moments.

If the form does not meet your needs, use the Search box at the top of the page to find one that does.

Once you are satisfied with the form, confirm your choice by clicking the Buy now button. Then, choose your payment plan and provide your information to create an account.

  1. If you already have an account, Log In to retrieve the North Carolina Contract to Hire Law Firm - Hourly Rate - with Retainer from the US Legal Forms database.
  2. The Download button will appear on every form you view.
  3. You can access all previously downloaded forms in the My documents section of your account.
  4. If you are using US Legal Forms for the first time, here are simple instructions to help you get started.
  5. Ensure you have chosen the correct form for your city/region.
  6. Select the View option to examine the details of the form.

Form popularity

FAQ

Attorneys typically charge an average of $100 to $300 an hour, while a consultant may charge $50 to $150. No matter your profession, though, it's good to find a reasonable rate that works with your experience level and your success rate in the industry.

It may be as low as $500 or as high as $5,000 or more. Some attorneys base retainer fees on their hourly rate multiplied by the number of hours that they anticipate your case will take. Once your attorney begins work on your case, he or she subtracts the time that he or she put into the case from your retainer.

By funding a retainer, the client is indicating that they can trust that the attorney will hold their funds for them until earned, and the attorney is indicating that they trust the client to continue the financial terms of the arrangement after the initial retainer is depleted.

A. The long-standing general rule in North Carolina has been that a party may not recover attorneys' fees, either as damages or costs, unless authorized by statute.

A retainer agreement is a long-term work-for-hire contract between a company and a client that retains ongoing services from you (as a consulting business) and provides you with a stable amount of payments.

Being on retainer means that you're on-call for a specified number of hours each week or month. The client agrees to pay you for these hours, whether he gives you work or not. Usually, service providers offer clients a reduced hourly rate for the security offered by being on retainer.

The retainer fee ensures that the hired service provider reserves time for the client in the future when there is a need for their services. Unlike a one-time contract, a retainer agreement is a long-term work-for-hire contract and thus can retain ongoing services.

Usually, though, any unused funds are returned to the client once all expenses have been billed and collected out of the retainer.

Regardless of occupation, the retainer fee funds the initial expenses of the working relationship. For this reason, these types of fees usually remain in a separate account from the hourly wages of the consultant, freelancer, or lawyer.

Retainer agreements should:Always be in writing.Contain a statement that the firm has conducted a search for conflicts of interest and either (1) there are no conflicts, or (2) appropriate parties, including the client, have been advised of potential conflicts and waived them.Define the scope of the engagement.More items...

Trusted and secure by over 3 million people of the world’s leading companies

North Carolina Contract to Employ Law Firm - Hourly Fee - with Retainer