| Peter Rundle, Esq. Attorney ~ Arbitrator ~ Mediator 38 Corporate Park, Irvine, CA 92606-5105 T: +1-949-476-5088 ~ F: +1-949-266-5937 E-mail: Peter@RundleLawCorp.com |
Professional fees for attorney and alternative dispute resolution services are negotiated on a case-by-case
basis. Mr. Rundle believes that the "one size fits all" approach long used by large law firms in setting
professional hourly rates does not properly address a client's needs. While some cases are properly handled
on the basis of an hourly fee arrangement, many other matters are well suited to alternative billing
arrangements such as:
Some factors that are considered in determining what fee structure is best suited to a particular matter are:
basis. Mr. Rundle believes that the "one size fits all" approach long used by large law firms in setting
professional hourly rates does not properly address a client's needs. While some cases are properly handled
on the basis of an hourly fee arrangement, many other matters are well suited to alternative billing
arrangements such as:
- Flat Fee
- Capped Fee
- Contingent Fee
- Partial Contingent Fee
Some factors that are considered in determining what fee structure is best suited to a particular matter are:
- Does the matter involve litigation, ADR or transactional needs?
- How complex is the matter (number of parties; amount in controversy; venue)?
- Are professional services sought at the outset of the matter, or do time constraints exist?
- Does the potential client have unique financial needs?
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