Depending upon the type of case, Brais Law Firm structures their fee agreements three different ways:
Contingency
Nearly all personal injury and most plaintiff product liability cases are taken on a contingency fee basis. This means that if there is a recovery, a percentage is charged on the gross recovery before the deduction of costs. On the other hand, no recovery means no fee to the firm.
Hourly
Most commercial litigation and defense cases are billed on an hourly basis. This means that the firm will charge the client for the time it takes to complete tasks. Time is recorded in 1/10th of an hour intervals and recorded in a billing system. Costs associated with the file are also tracked in the billing system and forwarded to the client for payment. In the case of recovery, the client keeps the full amount of the judgment.
Hourly & Contingency Blend
The more complex products liability and some subrogation matters are taken on an hourly and contingency blend basis. This fee structure means that the client will pay fees at a reduced hourly rate. All costs are paid by the client. If a settlement or recovery is obtained, a contingency fee is calculated against the gross recovery to determine the amount owned the firm, less the hourly fees previously paid. Only if the contingency fee is more than the hourly fees paid does the firm earn an additional fee. If there is no recovery, no additional fees or costs are owed except those invoiced through the firm’s engagement.
The attorneys at the law firm of Brais Law Firm have the experience to protect your rights, the compassion to serve your needs, and the skill to obtain the compensation you deserve. To reach our lawyers you may click email the firm, call 800-499-0551 from within the U.S., Skype BraisLaw worldwide or click Contact Us to select and complete a form for a free evaluation of your case.
