Fee Structure
Fee Structure
Like any international law firm we organize our fee and billing structure in such a way as to provide a continuous flow of cash into the firm's bank account to meet the needs of pay role of monthly bills which must be paid regularly. The following is an explanation of our charging policy and fee structure. Please do not hesitate to contact us if you have any question in this regard.
We at This Firm strive to provide high-value service at all Times. Billing rate alone do not determine the value of legal services. Factors such as the quality of research analysis, the speed with which the work is completed, the economy of time spent and the degree to which the work focuses on the commercial issues under consideration is at least as important.
It is not always possible to estimate likely cost. In many commercials and litigious matters, the professional time required is determined in large part by the course of negotiations and the actions of non-client parties. Often these are impossible to predict at the outset of a matter. In such case, the Firm will try to help clients control their budgets by regular billing procedures.
We follow the Model Rules of Professional Conduct specifically deal with a setting of legal fees. Accordingly, we considered all factors in determining the reasonableness of a fee include the following:
The time and labor required, the novelty and difficulty of the questions involved, and the skill requisite to perform the legal service property;
The likelihood, if apparent to the client, that acceptance of the particular employment will preclude other employment by the lawyer;
The fee customarily charged in the locality for similar legal services;
- The amount involved and the results obtained
- The time limitations imposed by the client or by the circumstances
- The nature and length of the professional relationship with client
- The experience, reputation, and ability of the lawyer or lawyers performing the services
- Whether the fee is fixed or contingent
Client who rarely uses legal services be unaware of the money methods of determining a lawyer's fee. He often will not make a distinction between costs paid on his behalf and the fee charge for the lawyer's work. A careful explanation of the particular method of fee determination in a matter to be undertaken will add greatly to understand our policy. There are many kinds of legal fees set in many ways; most of the various fee arrangements are discussed herein as follows:
- Contingent fee: This fee is paid only were a matter successfully completed and a recovery affected, such arrangements are common in our practice where our client is a plaintiff. The contingent amount generally ranges from 15 to 30 percent of the total recovered. The cost of litigation, such as witness and bill fees, transcript, and the like are subtracted from the gross recovery and are repaid to the law firm or to the attorneys, who may have advanced them, before a division occurs. It is common for different percentage divisions to be made, depending on whether a matter is tried in court or settled out side of court. In some type of legal matters there may be flat fees or time charge plus a contingency fee. For example, We make charge one-half of our usual hourly rate or an advance amount plus a percentage of recovery.
- Time Charges: We normally charge on the time-spent basis for our professional services. Time spent for a client is a primary consideration in the setting of fee. The time required by a matter is generally the first consideration in fee setting, where the client involved is a corporation, or other business enterprises. In order to use a time as billing bases we establish a rate per hour, which then can be used to convert the hour spent into money to be charged. The actual billing rate for our services is set at a figure, which is higher or lower than the cost rate calculation. The billing rate, therefore, is based on the cost rate, factors such as experience and seniority. Hourly rates are set in accordance with prevailing market condition in the kingdom of Saudi Arabia and vary according to legal experience. Specific rate will be quoted on request. For certain types of legal service, we have fixed fees. All legal work performed by any lawyer in the FIRM will, however, be monitored and approved by me. In addition, we will bill and expect payment for our-off pocket expenses such as travel, meals, filing fees, etc. Any extraordinary expenses such as printing costs telephone conversation etc., will be billed directly to our client. Our statement generally will be prepared and mailed during, the month following the month in which services are rendered and costs advanced. We expect payment within a few days after the statement date.
- Retainer agreement: Retainer agreement is one method of rendering services to a client and maintains availability of lawyers in the law firm during the period of the retainer agreement. Generally, negotiation will determine the amount and the period for such agreement. A pure retainer agreement will provide that our law firm will not undertake any kind of adverse representation or, possibly, representation of a competitor of our client, and that our client will be kept informed of prospective changes of laws or regulations which may affect his interest. The retainer agreement, usually, will include original advice concerning business operations, and ordinary documents required for regular business operations. It will not cover litigated matters requiring appearances at boards or commissions, courts or administrative agencies. Further, any securities issues will not be included in the retainer, nor will any proxy solicitation disputes.
- SCHEDULE OF TARIFF CHARGES for legal services in all aspects of Intellectual Property Laws and advises.
Should any of the excluded services appear to be necessary, agreement must be reached for the cost of these services.
- E-mails: attorney@aloufilawfirm.com