We believe that legal fees should not be strictly based on the time spent on a matter. Instead, legal fees should be measured by the value our clients receive. Our business model utilizes technology and reduces the overhead costs found in traditional law firms. This approach allows our firm to pass our savings onto our clients.
In collaborating and keeping open lines of communication, we strive to help clients reasonably predict their legal budget, costs, and fees for their specific matter. We have found that alternative fee arrangements work well with many services we provide, and clients appreciate the flexibility it provides. In certain legal matters, we offer payment plans for our clients.
The common fee arrangements our office provides can include one or a combination of the structures outlined below:
- Hourly Rate: The fees are computed by multiplying the fixed hourly rate by the number of hours spent working on the case. The attorney then adds expenses, such as court filing costs, witnesses’ fees, litigation costs, transportation costs, photocopy charges, and other costs related to your matter.
- Fixed or Flat Fee: A fixed or flat rate is paid upfront to cover all the fees for the specific legal matter. However, the fixed or flat rate may or may not include the costs and expenses associated with the matter and will depend on the specific matter.
- Contingent Fee: In certain cases, such as personal injury, the attorney representing the client accepts a percentage of the recovery as the fee. The attorney then adds out-of-pocket expenses, such as litigation costs, court filing costs, transportation costs, investigation costs, and fees paid to witnesses. If the contingent fee action is unsuccessful, the attorney customarily does not receive a fee or out-of-pocket expenses.
- Retainer Fee: Before working on the matter, the fees are paid in advance, like a down payment, and will be deposited into the trust account. As the services are completed, the funds will be withdrawn from the retainer. Typically, the retainer will have to be replenished as the case progresses. Upon completion of the legal matter, any remaining retainer fees will be refunded to the client.
- Fixed or Flat Fee Plus Hourly Rate: In this hybrid method, a fixed or flat rate fee is charged for the defined work on a matter, and then an hourly rate is applied. The services that can be defined as to scope are charged on a fixed or flat fee basis. The services that cannot be defined because of variables or uncertainties are charged on a time-rate or hourly basis.
- Unbundled or Project Rate: Rather than providing representation for an entire legal matter, the representation involves a specific task, project, or document preparation. The unbundled fees are calculated based on the specific project and can include any fee structure.
At Kasan Law, we work with each client to specifically tailor a fee structure that meets their budget, objectives, and specific goals. We are committed to providing exceptional and personalized legal services that are affordable and cost-effective.
At Kasan Law, our approach to lawyering enables us to efficiently provide creative, flexible, and individually tailored solutions to each client’s specific needs. Our consultations are free and carry no obligations.
Contact our Chicago and Illinois lawyers to schedule your free and no-obligation consultation by calling (312) 300-6724, e-mailing us at [email protected] to request a review of your case, or schedule your consultation online.