What You Need To Know About Legal Fees Consulting To Save Money

Often getting involved in the legal system is overwhelming, confusing and seems to be designed to be impossible to understand for anyone but an attorney. While this may be true, companies, businesses and individuals all have the opportunity find out exactly what they are being charge for and why. This is where professionals specializing in legal fees consulting come into play.

When to Consider Legal Fees Consulting 

Each and every time you work with an attorney you should be provided with several things in writing. These include a fee agreement that stipulates how the attorney or legal firm is to be paid and what the retainer will be. It should also list the other services anticipated and the rate for those services. The attorney will also provide a written estimate of the total cost of your case if you are working on any type of fee schedule other than a contingency basis.

Contingency basis means that the attorney is not paid until a favorable settlement is reached. However, there can be additional costs involved that are outside of the set percentage of the settlement that the attorney will collect at the end of the process.

Anytime the monthly invoicing contains activities or billing you don’t understand you should contact your attorney. If the questions are not answered satisfactorily you may then need the assistance of a legal fees consulting company.

What You Don’t Know Can Hurt Your Pocketbook 

With limited time and understanding of the accepted procedures and standards for legal billing it is very easy to miss mistakes or inaccurate billing issues on your invoice. Legal fee consulting services can point out these issues for you and act as your advocate to get the inaccuracies corrected and prevent further issues on your bill.

A simple example of this may be how your attorney is billing. He or she may have to travel for your case, but the time spent travelling should not be billed at his or her rate for being in court or representing you in a negation, mediation or arbitration.

Legal fees consulting is a cost saving option that anyone or any company using ongoing legal services should consider. The small price you pay for the consultant can end up saving you significant amounts on your legal expenses.