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A flat fee, also referred to as a flat rate or a linear rate refers to a pricing structure that charges a single fixed fee for a service, regardless of usage. Less commonly, the term may refer to a rate that does not vary with usage or time of use.
A good rule of thumb is to charge at least $3,000 per month for your retained clients because this way you'll only need 3 clients to sign retainer agreements in order to earn a six-figure income. Your goal should be to develop high-income skills so that each client is paying a $10,000 per month retainer fee.
Flat fee billing means that, for your particular case, Dickson Davis Law Firm will only charge one rate for services provided for a preset number of hours assigned to your case. With flat fee billing, whether the attorney is efficient is irrelevant.
Generally, the client is entitled to all documents originally provided by the client, and all documents filed, served or sent by the lawyer to others.While virtually every attorney keeps "notes" in his or her files, very few can agree on exactly what specific information constitutes attorney notes.
What is a typical retainer fee attorney? Some lawyers charge retainer fees of $1000, while others charge $5000+. Depending on the lawyer and the complexity of your case, you can usually expect to pay a retainer fee of between $3000 and $5000.
The amount serves as a guarantee by the client to pay the attorney upon completion of the agreed work. The attorney cannot claim the retainer fee until he has completed the work and invoiced the client. Any remaining retainer fee after paying the hourly attorney fees should be returned to the client.
Overview. A retainer fee can be any denomination that the attorney requests. 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.
According to our database of legal fees, an attorney practicing on their own will charge anywhere between $750 and $1,200 to write and send a demand letter. A smaller law firm will charge anywhere from $1,000 to $1,500 for their services.
While it may not seem like it, fee agreements with attorneys are negotiable.If you do not have a lot of money to pay upfront for the retainer fee, the attorney may be able to offer you a different arrangement.