STRAIGHT TALK ABOUT LEGAL FEES
At Ellis
Business Lawyers, we
understand the importance to small and mid-sized businesses of
the legal costs in relation to the amount at stake in a business
dispute.
Because of the variable nature of legal
proceedings, it is often impossible even for lawyers to accurately
predict at the outset the legal resources that will be required
to resolve your business issue. At Ellis Business Lawyers we
are committed to addressing the question of legal fees, court
costs, and disbursements in an up-front straightforward manner
to help you assess the financial implications of a particular
legal situation with greater certainty.
Alternatives
to Traditional Hourly-Fee Billing:
In many cases, we provide alternatives
to traditional hourly-fee billing. We accept
cases on a contingency fee basis
or a flat
fee basis where appropriate. Alternatively,
your legal fees may be calculated according to
the time we spend working on your case based
on an hourly rate that we will advise you of
in advance.
Contingency
Fees:
Contingency fee agreements allow people
to enforce their legal rights, including collecting
bad debts, without having to put up a significant
amount of money to retain a lawyer at the outset
of the process. * Also, whether we get paid, and
how much, depends (or is "contingent") on the results
achieved. Under this kind of fee arrangement if no
money is recovered you will not have to pay any legal
fees although you may need to pay disbursements,
which are the standard out-of-pocket expenses that
occur in the course of enforcing your legal rights
through a court action. Many of our clients have
benefited from this “win-win”
approach.
If funds are recovered then you pay a percentage
of that amount which will be set out in the contingency fee
agreement that you sign with us. The percentage that you will
be asked to pay us in exchange for Ellis Business Lawyers accepting
payment for legal services contingent on winning your case
depends on a number of variables including the nature of your
claim, the complexity of the case, the chances of success,
the size of the monetary claim, and the length of time it will
take to process your claim and recover the funds.
For more information on whether your case
is appropriate for a contingency fee arrangement please contact
us at (604.688.7374) or email us at
*Note: Contingency fee arrangements are
used in civil cases and are not allowed for
criminal law or family law matters.
Flat-Fees:
In some cases the procedure and nature of the legal
work involved is standardized and it is possible to determine
with reasonable certainty how long a matter will take and how
much work is involved. In these situations we offer a flat fee
rate. The advantage to you as a client is that you know how much
it will cost you at the outset. If you are interested in finding
out more about our flat fee service arrangements please call us
at (604.688.7374) or email us at
|