A
common question
that we hear
from
potential
clients
is, “How much
is this going
to cost
me?” This
is
a fair question.
No one agrees
to make major
purchases
without having
at least some
idea of the
cost.
Unfortunately,
however, the
honest
and often
times
unsatisfying
answer
is that it
depends
on your individual
and special
circumstances.
You will find
no law firm
as
competitive
on
fees as McGraw
Law Firm,
P.A.
At
McGraw Law Firm,
we have three
different fee
structures:
- Contingency
Fee
- Flat
Fee
- Hourly
Fee
An
example of a
contingency fee
case would be
a personal injury
action. In that
case, McGraw
Law Firm would
reach an agreement
with the client
based on a percentage
of the personal
injury settlement
or verdict.
In the event
there was no
recovery, the
client would
not be responsible
for any fee to
the attorney.
With regard to
a Flat Fee, the
law firm would
charge the client
a set amount
as and for a
final fee, which
means that the
client would
never be responsible
to the attorney
for any more
money and the
attorney would
not be responsible
to refund the
fee to the client
as the fee is
earned upon receipt.
Lastly,
in some cases,
an hourly fee
is appropriate.
In that case,
the attorney
would keep track
of his time
and charge the
client according
to an agreed
upon hourly fee
rate. In most
cases, the attorney
would require
a retainer fee,
which would
be deposited
in the attorney’s
Trust account
prior to the
commencement
of any representation.
The money belongs
to the client
and is held
in the attorney’s
Trust account
to assure payment
of any future
invoices. At
the completion
of services,
any funds remaining
in the Trust
account would
be promptly
returned to the
client.
At
McGraw Law Firm,
we understand the
cost associated
with retaining
an attorney. It
is that understanding
that drives our
billing practices.
The promise we
make to you is
that our bill will
be reasonable and
we will earn every
penny you pay us.
