Fee Structure and Alternative Fee Arrangements
Attorneys traditionally work for an hourly rate fee that is based upon the experience level and area of practice of the attorney. That hourly rate is also influenced by the overhead and cost structure of the law firm. When we left our practice in one of the largest law firms in the state of Indiana, and opened Miller & Fisher, LLC, our overhead and costs were reduced substantially, and we have passed those savings to our clients in the form of a reduction in our former standard hourly rate at the large law firm.
We also now enjoy the flexibility to consider alternative fee arrangements, which may be more attractive to our clients in some instances. A fee that is based upon the result obtained (a contingent fee) results in a fee that is always proportionate to the results achieved. A result-based fee has the added advantage of deferring payment of fees until after the result is achieved, eliminating the need to budget attorney fees from operating resources.
A task-oriented attorney fee (flat fee) allows increased budget certainty. Litigation demands can vary widely and unpredictably, but your litigation costs can still be accurately budgeted on a flat-fee basis, where budget certainty is important.
We encourage exploration of both types of alternative fee arrangements, as well as hybrids involving all three fee types, because they often suit our clients’ particular budget needs and preferences, and reward us for achieving positive results for our clients in an efficient manner.CONTACTING OUR LAW OFFICES
Contact our Indiana attorneys directly in Indianapolis today and schedule a time when we can meet to discuss your case. Our lawyers are AV Rated*.
* The lawyers at Miller & Fisher, LLC hold AV Ratings from Martindale-Hubbell. An AV Rating is recognized as the highest rating a lawyer can receive. This rating is achieved through the confidential voting of other lawyers and members of the judiciary and reflects both a lawyer's legal ability and ethical standards.