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I'm not sure if I'm understanding your post right, but it seems like that would be unfair to you to be paid only $300/week for a case that seems like it's lots of work, but maybe I'm not understanding it right.
Ohhhh okay this makes sense. If it's 25 and you're charging that per case, go for it. Seems way more simple than counting every hours. I thought you were saying $300/week in total. This is completely different.
yes we've done this for litigation, basically charge a fixed fee per month until the end of the matter, usually ends up being a discount, but the trade off is subscription type revenue and no bill shock and arguments over the bill
Oooh that makes more sense. I could see how this would be beneficial.
Suggest you seek input from an ethics attorney in your jurisdiction. This structure sounds something like a retainer, which may be OK. However, the unusual feature of this arrangement is that compensation is not tied to work. Billable hours correlate with work completed. Contingent fees correlate with matters resolved. A weekly “subscription“ costs the client money, regardless of whether anything happens in their matter.
I understand. Well, it also seems it’s essentially billing at flat fee. This attorney explained that he touched the matter every week, and provided an update or relevant information according to jurisdiction.
Could be unethical. I don't think it's a good idea even though this is the trend in other industries
I was kind of thinking the same thing. Definitely sounds kind of weird to me.
I would check with local ethics counsel re whether this is acceptable. But why? At my billable rate, I’m losing money if I spend more than an hour per week per case. Yeah, some weeks you do nothing on a matter (but then if nothing is done, is it ethical to still make $300/week).
Might think flat fee through stages, with a payment plan. My prior firm charged X through mediation or a temporary orders hearing, whichever came first, if there were both. Then an additional Y through the next event, then Z to permanent orders.
So you might do: you pay X through Stage 1. Happy to take it in weekly payments over whatever time frame. If there’s no full settlement by Stage 1, Stage 2 is a flat fee of Y, and you get six weeks to pay it, at least 1/6 per week, etc.
We don’t for litigation but we do for transactional, we’re in CA. We don’t in lit mainly bc lit is so expensive I wouldn’t know how to price it out plus all the costs (fees, court reporters, etc). I know some attorneys will do a flat fee for lit (mostly in family)
On point! We have the same approach regarding litigation and transactional. I'm in NJ by the way.
Sims lawyers do a subscription model. Why not just flat fee it?