As Lawyers! How Do We Calculate Our Professional Fees?

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15 Jan
2021

AS LAWYERS! HOW DO WE CALCULATE OUR PROFESSIONAL FEES?

When it comes to calculating the professional fees for our firm's services, we believe in transparency. Therefore, our clients need to understand the mechanism by which we calculate the professional fees of our attorneys. Several factors affect the process of calculating professional fees due to the variation between the nature of the attorney's profession and other professions. These factors may be variables that are not known at the time of determining the attorney's fees. How the professional fees are being calculated can be understood based on the following factors:

  • Types of professional fee agreements (lump sum, charging per hour, lump sum with a maximum of hours).
  • The factors that affect the calculation of professional fees.

Firstly, it should be noted that the essence of the attorney's work is the mental effort exerted in studying legal sciences, experiences, analysis, and making comparisons to reach the optimal legal advice or the right decision regarding the matter presented to him in addition to time which is considered as one of his most important assets. The attorney must allocate his time to work on specific assignments as he cannot accept other assignments since, otherwise, the tasks may accumulate and the rights may be compromised, either intentionally or inadvertently due to the lack of sufficient time, the thing which may lead to customer dissatisfaction.

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