Fixed Legal Fees: a cost effective choice|SimplifyLaw
The fixed legal fees charged by SimplifyLaw renders it a trustworthy partner of SMEs in Greater China Region. From M&A to HR issues, SimplifyLaw offers fixed fee legal solutions at your fingertip.
Fixed Legal Fees: a cost-effective choice
Many SMEs consider it a waste of money to take legal assistance. The reality, indeed, is exactly the opposite. These companies end up losing even larger sums of money because of getting trapped in legal issues than they would have had to give to the legal service providers. So, hiring a good legal lawyer is not an expense, but a wise investment. The fixed legal fees charged by SimplifyLaw renders it a trustworthy partner of SMEs in Greater China Region. From M&A to HR issues, SimplifyLaw offers fixed fees solutions at your fingertips.
The charges of a lawyer, however, can be substantially higher, especially when your company is a big one. This is because the bigger is the company, the more complex will be the nature of cases which in turn leads to a larger workload over the lawyer. He will also have to spend more time solving your legal issues and assisting you with legal decisions. So, if you own an SME, then you may not need a very complicated and efficient legal service system. So why give high legal fee when you don’t have any extra work to do. A decent legal service agency with efficient lawyers can be enough for catering all your legal needs. There are other such aspects that you must take care of in order to choose a cost-effective legal lawyer. It is of utmost importance for you to know how commercial lawyers charge you.
There are mainly four ways of charging legal fee followed by commercial lawyers nowadays-
These charging rate methods are briefly discussed below.
1) Hourly rates
In this way of charging, you will have to pay the lawyer according to the number of hours he spends over your case. It must be noted, however, that the number of hours counted includes not only those which he spends on the court, but also the time that he takes researching, writing motions, meeting with people concerned and such. Not only this, but you will also have to pay for the support staff of the lawyer, though at a much lower rate than the lawyer himself. An experienced lawyer will be able to give you, an almost accurate estimate of the total fee you will have to pay.
2) Flat fee
For smaller and simpler matters, lawyers generally charge a flat fee I.e. they will directly tell you the total fee they will take for solving the case. In this case, you must understand before you finally agree to hire the lawyer, the terms and conditions of the fee, as to what fees it covers and what it don’t.
This way of paying a lawyer is more complicated than the previously discussed ways. In this case, you will have to pay a lump-sum amount of money in advance, which is generally, a little more than the hour-wise fee estimated by the lawyer. The rest of the money is, in a way, deposited as guaranteed money, assuring your case-long relationship with the lawyer.
So, you have seen the various ways by which a commercial lawyer can charge you. So, you must choose the lawyer carefully and be very careful and conscious about the payment terms and conditions they offer.