What are the different legal billing methods?
An example of an AI chatbot conversation about legal billing methods.
What are the different legal billing methods used by law firms?
Law firms typically use several billing methods, including hourly billing, flat fees, contingency fees, and retainer fees.
Can you explain how hourly billing works?
Sure! In hourly billing, clients are charged based on the number of hours the attorney works on their case, multiplied by an hourly rate.
What is a contingency fee?
A contingency fee is a payment structure where the lawyer only gets paid if the case is won, taking a percentage of the settlement.
Are there any advantages to using flat fees?
Yes, flat fees provide clients with predictability in costs and can simplify billing, making it easier to budget for legal services.
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