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:
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?