Most of our clients retain us on a “No Fee until You Settle” basis, meaning we don’t get paid unless you get paid.
Types of Fee Arrangements
The two most common fee arrangements between clients and lawyers are:
Hourly Rate Fee
At QTMG, our hourly rates range between $200 and $500. With this type of arrangement, the lawyer sends the client monthly accounts to be paid.
At QTMG, our hourly rates range between $200 and $350. With this type of arrangement, the lawyer sends the client monthly accounts to be paid.
The lawyer usually requests a financial retainer (financial deposit) for work to be completed. The amount of the deposit could range between $500 and $5000, depending on the complexity of the case and the urgency of the matter. In such cases, the client would pay the lawyer’s bills on an ongoing basis, as the case is prosecuted.
Most people are unable to afford to retain a lawyer based on an hourly rate, which is why at QTMG, we handle most personal injury cases on the basis of a contingency fee arrangement.
Contingency Fees Arrangement
When the lawyer’s fee is tied to the outcome of a case. If the client wins the case, the client pays his or her lawyer a percentage or other agreed-upon portion of the settlement.
Contingency fees can prevent prohibitive upfront costs and allow for greater access to justice, particularly for individuals who cannot afford a lawyer or the many resources that the injury law firm can draw from to advance their claims for compensation.
Essentially, the lawyer does not get paid until the client gets paid. This encourages lawyers to work very hard for their clients. The lawyer makes more as the client makes more, so there is an incentive to get as much fair compensation as possible.
What makes our contingency retainer especially appealing is that the “no fee” includes disbursements incurred to advance your case. Most often, disbursements total several thousands of dollars in expert’s fees (doctors, medical specialists, engineers, reconstruction reports etc.). We incur these expenses to advance and build the client’s case. We are not shy about getting the best expert support for our client’s cases and that can be very expensive. Once we’ve taken on your case the disbursements are incurred at the law firm’s risk meaning if you do not win or settle then the disbursements are also waived and you do not have to pay them.
Our QTMG retainer agreement is the name of the agreement you sign to formally hire us to handle your claim. This agreement confirms whether you chose a Contingency Fee Agreement or an Hourly Rate Fee. In either case, we will provide you an example on how the fees are calculated. We will be upfront and direct about the financial aspect of your case.
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