South Carolina Fee Agreement
Description
How to fill out Fee Agreement?
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FAQ
A lawyer should maintain communication with a client concerning the representation. A lawyer should keep in confidence information relating to representation of a client except so far as disclosure is required or permitted by the Rules of Professional Conduct or other law.
An hourly fee agreement is a contract between a client and the law firm wherein attorneys and para-professionals charge the client by the hour for legal services. Each attorney, paralegal, or legal assistant who works on a case records his or her time for each task.
Retainer for General Representation?A retainer for general representation is used when a client, such as a corporation or entity, requires continuing legal services throughout the year. The client pays a sum of money and receives services for the rest of the year. This is usually an earned retainer.
Lawyers in a firm may, in the course of the firm's practice, disclose to each other information relating to a client of the firm, unless the client has instructed that particular information be confined to specified lawyers.
Legal fees are most commonly used to describe the fees paid to the attorney for his/her time and effort. Fee structures for attorney vary significantly based on the region and type of case.
?Fee agreement? as used throughout the opinion is the generic term for the various types of written contracts between lawyers and clients detailing the terms of representation, also referred to as engagement letters and retention, representation, or retainer agreements.
See Rule 416, SCACR. Law may prescribe a procedure for determining a lawyer's fee, for example, in representation of an executor or administrator, a class or a person entitled to a reasonable fee as part of the measure of damages.
The hourly rate fee arrangement stands as the most prevalent and widely used method among attorneys. Under this structure, clients are billed for the time their lawyer spends working on their case, with charges calculated based on an hourly rate.
Hourly Rate: This type of fee is common and straightforward. It is probably the most typical type of fee arrangement used by attorneys who are not injury attorneys. Time is tracked in fractions of an hour, usually 10ths of an hour, which are 6-minute increments.
[1] This Rule governs all communications about a lawyer's services, including advertising permitted by Rule 7.2. Whatever means are used to make known a lawyer's services, statements about them must be truthful. [2] Truthful statements that are misleading are also prohibited by this Rule.