About Fees and Costs
In the event that I agree to represent you, our relationship will be
governed by a written fee agreement.
That agreement will set forth our respective rights and
responsibilities
then specify our understanding with respect to the fees and costs
incurred
in representation.
The fee agreement will usually fall in one of three classes:
(1) An hourly fee agreement;
(2) A contingent fee agreement; or
(3) A flat fee agreement.
An hourly fee agreement sets forth an agreed to hourly rate at which
legal services will be rendered. Those rates are based on the following
factors: (1) the experience and skills of the attorney; (2) the
complexity
of the legal issues involved; (3) prevailing market rates; (4) whether
and to what extent attorney time can be fairly compensated through
contingent
arrangements. The advantage of an hourly fee agreement is that the
client
incurs costs and fees as they accrue, and is able to make economic
decisions
about the course of the representation as it proceeds. In the event
that
a client is seeking an injunction for other equitable or declaratory
relief,
the case can only proceed on an hourly fee basis, since the work for
which
counsel is being retained is not expected to produce any economic
returns.
A contingent fee agreement provides that the attorney will be
compensated
at the conclusion of litigation at a set percentage of the recovery.
This
is usually the fee arrangement for a personal injury litigation. The
advantage
of a contingent fee agreement is that a client is not required to
advance
legal fees in order to undertake litigation.
A flat fee arrangement is used for cases in which the amount of work
is reasonably predictable, such as in a preparation of a will or
representation
through a real estate closing. The amount of the flat rate will depend
on the complexity and the predictable work involved in the matter. The
advantage of a flat rate is to provide the client with certainty about
the costs of legal services in a specific matter.
On occasion, a case can proceed through some pre-agreed stage on an
hourly basis, and then after convert to a contingent fee agreement.
Under Massachusetts Rules of Professional Conduct, an attorney is
precluded
from entering into an agreement whereby he or she assumes
responsibility
for the costs. However, under appropriate circumstances, counsel may
advance
fees with an expectation that they will be reimbursed before the
conclusion
of the litigation.
In the event that a case may involve court awarded fees and costs,
treatment
of such possibilities will also be addressed in the fee agreement.
Generally speaking, we will not enter into a fee agreement before
conducting
an adequate investigation of the case to determine whether it has merit
and economic viability. Accordingly, potential clients will be
requested
to sign releases for the release of documents necessary for a full
assessment
of the case, and the agreement will be entered into only at the
conclusion
of a review of those records.
Please know that all communications with an attorney for the
purposes
of pursuing litigation or to consult about the possibility of
litigation
are privileged, that is may not be revealed to third parties without a
client's express authority.
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LeRoux Hernandez Home Page