How does a lawyer charge? Is there a specific method that a lawyer will use to come up with the fee that he will charge you? The answer is no; you will find that different lawyers will charge differently for the same services.
When a lawyer is preparing your bill, he takes into account the number of hours that have been spent working on your case: this means all the paperwork and preparation of both you and any witnesses he wants to call on the stand. These hours are called billable hours.
The rate per hour is determined by how much overheads he has: he has staff, he has rent, and he may have loans and so on. After all these are covered, he has to make some money himself, so his bill includes this as well.
Lawyers are careful to make sure that they are in line with the competition – they will charge slightly higher or lower than what is considered the industry mean, but you should not go with a lawyer because he is cheap – it might cost you.
You should also watch for those who charge way more than the industry average – they usually sell prestige and your chances with them are just as good with a lawyer who charges an average fee.
Be smart and think about how you can reduce your lawyer bills – you should always aim to reduce the billable hours by being prepared for every meeting and having all your paperwork in order.
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