Contingency fees are most common in personal injury cases.
Many lawyers will only take contingency cases where they are positive the matter will settle before any trial.
The percentage of the contingency fee is usually negotiated between you and your lawyer, based on the amount of the claim less your costs, depending on the likelihood of winning your case.
If you win, you pay the lawyer part of the money you get. If you lose, you don’t pay the lawyer any fee, but you still pay expenses.
In some cases, contingent fees are prohibited.
A statutory fee is a fee set by law. Some legal work requires the court to set or approve the fee.
PERCENTAGE FEES / VALUE-ADDED FEES
Percentage fees are based on a percentage of a specific asset or transaction, such as when buying or selling a business, collecting a debt, probating a will or executing an estate.
Value billing refers to the value a client places on the services provided by that lawyer. For example, if a job must be completed very quickly or if a client has very few options, the value of the lawyer’s service may be very high. Thnk about that. If you are facing a life sentence, what is your freedom worth?
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Your Lawyer Automatically Has a Solicitor's Lien on Your Files.
If you do not pay your bill, the lawyer can keep your files and documents until you do
A solicitor's lien is a lawyer’s right to retain client’s property deposited with them, including crucial and original documents, until his/her bill for services and expenses has been paid in full.
ALWAYS KEEP COPIES AND INSIST YOUR LAWYER COPY YOU ON EVERYTHING PROMPTLY
LAWYER FEES: WHAT YOU SHOULD KNOW
Lawyers charge for services differently, depending on the nature of your needs, the quality of services you seek and the complexity of your situation.
Fees vary from lawyer to lawyer, so be sure you know exactly how you will be charged before retaining any lawyer.
Shop around and compare lawyers, rates and types of fees. Fees are usually negotiable. Make sure you discuss what services are covered directly by the lawyer.
Don’t count on a court ordering your opponent to pay all your costs.
A court may order your opponent to pay costs, but those costs are based on a schedule and may cover about 45% of your lawyer’s bill.
Supreme Court may award costs for fees and disbursements to the successful party. But Provincial Court awards litigation expenses only very rarely.
WHAT ARE DISBURSEMENTS?
Disbursements are expenses your lawyer pays on your behalf. You have to reimburse your lawyer for those expenses. They include costs of photocopies, faxes, long distance telephone calls, postage, couriers, experts, and court filings.
Court documents can easily reach a couple thousand photocopies in a disputed family law case for example.
Disbursements can often be a lot of money ask your lawyer to estimate how much they will be.
WHAT IS A RETAINER?
A retainer is money you pay to your lawyer as a deposit at the start of your case. The lawyer keeps this money in a trust account and uses it for fees and expenses. The lawyer bills you periodically and takes the amount you owe from the retainer. The lawyer may bill you monthly, or at the end of each stage of your case, or at the end of your case. When the retainer falls below a certain level, the lawyer asks you for more money.
The retainer is your money until "used" by the lawyer, Regardless the interest earned on your money while the lawyer holds it in trust, is paid not to you as it should be, but to the law society who have no right to it. LSO (LSUC) earns 2 to 3 million dollars a year by taking the interest which is in reality the property of the clients.
he client should be aware that the retainer fee is generally refundable if not used by the lawyer.