A common question that we hear from potential clients is, "How much is this going to cost me?" This is a fair question. No one agrees to make major purchases without having at least some idea of the cost.
Unfortunately, however, the honest and often times unsatisfying answer is that it depends on your individual and special circumstances. You will find no law firm as competitive on fees as McGraw Law Firm, P.A.
At McGraw Law Firm, we have three different fee structures:
- Contingency Fee
- Flat Fee
- Hourly Fee
An example of a contingency fee case would be a personal injury action. In that case, McGraw Law Firm would reach an agreement with the client based on a percentage of the personal injury settlement or verdict. In the event there was no recovery, the client would not be responsible for any fee to the attorney. With regard to a Flat Fee, the law firm would charge the client a set amount as and for a final fee, which means that the client would never be responsible to the attorney for any more money and the attorney would not be responsible to refund the fee to the client as the fee is earned upon receipt.
Lastly, in some cases, an hourly fee is appropriate. In that case, the attorney would keep track of his time and charge the client according to an agreed upon hourly fee rate. In most cases, the attorney would require a retainer fee, which would be deposited in the attorney's Trust account prior to the commencement of any representation. The money belongs to the client and is held in the attorney's Trust account to assure payment of any future invoices. At the completion of services, any funds remaining in the Trust account would be promptly returned to the client.
At McGraw Law Firm, we understand the cost associated with retaining an attorney. It is that understanding that drives our billing practices. The promise we make to you is that our bill will be reasonable and we will earn every penny you pay us.
Beau D. McGraw, Attorney at Law