What does attorney's fee mean?

attorney's fee meaning in Legal Dictionary

n. the repayment for legal solutions. It will take several kinds 1) hourly charge, 2) flat rate the performance of a specific service (like $250 to create a will), 3) contingent charge (such as for instance one-third of gross data recovery, and nothing if there is no recovery), 4) statutory costs (like percentages of an estate for representing the estate), 5) court-approved fees (such in personal bankruptcy or guardianships), 6) some mixture of per hour and contingent fee or other combination. It is wise (and frequently required) for the lawyer as well as the client having a signed contract for considerable legal work, especially in contingent charge cases. Many lawyers keep records of time allocated to instances to justify charges (and record when actions had been taken), even if the task is certainly not on an hourly basis. A "retainer" is a down payment on costs, often required by the lawyer in order to make certain she or he is perhaps not remaining holding the bag for work done, or at the very least as a great trust indicator your customer is severe and that can afford the solutions. Having said that, contingent costs need limitations (often one-third) to protect the unwary customer. Attorney cost disputes may be decided by arbitration, often run by the neighborhood club organization. Attorney's costs are not awarded toward winning party in case except in which there is certainly a provision in a contract when it comes to charges or there is a statute which gives for an award of costs in particular form of instance.