attorney's fee

(redirected from Legal fees)
Also found in: Financial, Wikipedia.

attorney's fee

n. the payment for legal services. It can take several forms: 1) hourly charge, 2) flat fee for the performance of a particular service (like $250 to write a will), 3) contingent fee (such as one-third of the gross recovery, and nothing if there is no recovery), 4) statutory fees (such as percentages of an estate for representing the estate), 5) court-approved fees (such as in bankruptcy or guardianships), 6) some mixture of hourly and contingent fee or other combination. It is wise (and often mandatory) for the attorney and the client to have a signed contract for any extensive legal work, particularly in contingent fee cases. Most attorneys keep records of time spent on cases to justify fees (and keep track of when actions were taken), even when the work is not on an hourly basis. A "retainer" is a down payment on fees, often required by the attorney in order to make sure he or she is not left holding the bag for work performed, or at least as a good faith indication that the client is serious and can afford the services. On the other hand, contingent fees require limits (often one-third) to protect the unwary client. Attorney fee disputes can be decided by arbitration often operated by the local bar association. Attorney's fees are not awarded to the winning party in a lawsuit except where there is a provision in a contract for the fees or there is a statute which provides for an award of fees in the particular type of case.

References in periodicals archive ?
Daily Politis and the Tassos Papadopoulos & Associates law firm have become embroiled in a tussle over the publication of official documents showing that the firm made several millions in legal fees from the Bank of Cyprus in the 2002 to 2012 period.
com/research/cl8c3x/2016_real_estate) has announced the addition of the "2016 Real Estate Legal Fees Profiles " report to their offering.
CARDIFF Metroplitan University has seen a more than sixfold increase in legal fees during the past four years, data released under the Freedom of Information Act has shown.
Some of the lowest mortgage rates with free legal fees and a free valuation are listed here: ?
Mersey Care NHS Trust, which runs the high-security facility, confirmed the hearing had cost them PS200,000 in legal fees.
Global Banking News-February 26, 2013--Rajat Gupta ordered to reimburse legal fees to Goldman(C)2013 ENPublishing - http://www.
The Ulster Bank has launched a major drive offering customers various incentives - including no arrangement or legal fees.
In support the coalition say that huge legal fees are currently being suffered by employers, even if they win the case and that there will be enormous savings in legal fees for employers by reducing the number of claimants.
In a June 14 2011 ruling, Robert Eringer was ordered to pay 20,000 Euros in damages plus 7,000 Euros in legal fees to Prince Albert for the publication of false and libelous materials.
NEWS Corp have finally agreed to stop paying the legal fees of the private investigator jailed in the phone-hacking scandal.
Chancellor William Chandler of the Delaware Chancery Court also ordered the appliance maker to advance the two ousted executives any future legal fees.