"A lawyer's time and advice are his stock
in trade.” --- Abraham Lincoln
It's rare that a firm's billing practices set
it apart from the competition. However, Kelly M. Davis &
Associates’ billing practices are different for many reasons.
Kelly M. Davis & Associates is concerned with providing quality
legal work efficiently and at costs that are in keeping with the
benefits gained or the losses avoided. We emphasize sound
business management in our practice and willingly work with
clients to provide flexible and innovative payment methods.
How Fees are Determined:
Fees are based on agreements made in advance of
legal work performed. Kelly M. Davis & Associates strives to
establish a fee payment process that meets the combined desires
of the client and firm. The criteria that determines legal fees
include: complexity of the case, attorney's years of experience,
amount of attorney effort expended, results achieved and office
overhead required to provide the efficient and timely results to
which all clients are entitled. We will discuss our fees with
you during your first consultation. In response to your
needs, we often divide each phase of a project into discrete
tasks and establish, in advance, fee range budgets for such
tasks. This methodology is a useful and informative tool for
cost management and allows us to continually evaluate the fiscal
management of the case as your goals and objectives evolve.
Billing Arrangements:
Hourly Rate
– the firm attorneys usually work on an hourly basis
(charging for the time we spend at a stated rate per
hour) and expect full monthly payment of my fees and
expenses. Hourly attorney's fees can be expensive, and
you may wish to look for another attorney to handle your
matter on a contingency basis if you think you would be
unable to pay as fees are incurred. We try to keep our
rates affordable for small businesses and individuals.
We will provide you with a general estimate of what we
think the total fees will come to in your case.
Retainer –
KMDA charges what is called a minimum retainer - an up
front advance payment: a minimum fee for me to accept
the case. Usually this retainer involves a portion which
is refundable and a portion which is non-refundable.
What that means is that if KMDA is successful in getting
the case dismissed / settled early and before the
attorney has spent all of the hours originally
anticipated in calculating the retainer, you receive a
refund for the remainder of the refundable retainer that
remained unearned.
Billing Rate
– Kelly M. Davis’ billing rate is $230 per hour and
Associates’ billing rate is between $125-$150.00 an hour
depending on the matter. KMDA also has an in house
paralegal and a law clerk who will work on your case.
The in house paralegal’s time is billed at the rate of
$85 per hour. Law clerk time is billed at the rate of
$25 per hour. While several people in this office will
work on your case, KMDA assures you that it will not
result in our billing for duplicate work.
Flat Fees -
Occasionally KMDA will accept a case for a flat fee
(i.e., basic wills and estate planning documents, basic
probates, mechanic’s liens, construction contracts,
corporate formation, etc.). That is that KMDA will agree
to represent you from the beginning until the end of the
case, cover all expenses which are reasonably
anticipated, and regardless of the amount of court
appearances, appeals in the middle of the case, or
unforeseen developments, the fee remains the same.
Kelly M.
Davis & Associates accepts Visa and MasterCard payments
for retainers, flat fee payments and monthly payments.
Written Agreement
Our fee
arrangement is set forth in a written agreement at the
time we accept representation. Only when the client and
KMDA has executed the Representation/Fee Agreement do we
incur any obligations to each other. KMDA’s main goal
is to insure that you understand the fee contract, and
what is included. This mean that we encourage frank
discussion. Often clients cannot afford my services.
This is better to learn before the relationship begins,
rather than later. When that is the case KMDA will try
to match the client to a lawyer whose fee may be more
within the client's budget.
Monthly Statements
The Firm
issues monthly, computer-generated invoices that can be
tailored to provide the degree of detail which you
desire. In most situations, the invoice includes an
itemized list of the work that was performed on your
case that month, a list of all fees charged for said
work, and a list of all expenses incurred by the client.
The invoice also includes a breakdown of how much of the
client’s retainer was used and whether or not there is a
credit or a balance due. The finance manager and Kelly
M. Davis review all computer-generated bills.
Our billing
is under a system called “billable units,” standard in
this business. Hours are divided into quarters, each
being a billable unit. Therefore, the minimum time
billed for any action on your case is ¼ hour. While your
retainer agreement will provide minimum ¼ hour billing,
everyone at Kelly M. Davis & Associates strives to bill
in 6-minute increments whenever possible. We have found
that this saves the client a great deal of money over
time.
You are also
encouraged to discuss questions of expenses and fees
promptly and openly.
Out-of-pocket expenses
You will however, be responsible for our
out-of-pocket expenses and charges for an investigator, outside
paralegal, expert, travel expense, copying costs, recording or
filing fees, court costs, witness fees and other extraordinary
expenses if such expenses are incurred.
Unlike most law firms, we do not bill for
"extras", such as occasional long distance calls, supplies, faxes
and on-line legal research
Keeping the Client Informed
We shall keep
you well informed as to the progress of your case. KMDA will
always send you copies of papers coming in and going out of
our office, including correspondence, pleadings, and other
court documents. If no one is available when you call, your
call shall be returned promptly or someone of our office
staff will let you know when your call will be returned. You
are requested to contact the paralegal handling your case
every other week, so you can be kept abreast of what is
happening. KMDA will exercise my best professional judgment
and efforts to help you obtain your goals and objectives in
this matter. While we cannot and do not guarantee the
outcome; every effort will be made to handle your case
promptly and efficiently according to the highest legal and
ethical standards.
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