When you retain the Law Office of Tanika L. Finney for Life and Legacy Planning and Business Formation Plans, you pay a one-time, flat fee. You know precisely how much the entire project will cost. If we end up spending more time than anticipated, you won’t owe anything extra.*
The fee for a consultation is a one-time event. It is essentially a flat-fee: you pay for the attorney’s time and legal advice. We offer different rates for different types of consultations:
- $75-$200 for consultations. We educate and answer frequently asked questions in our consultations: “Should I have an estate plan?” “What plan should I use?” “Should I start a family business?” “What type of business should I form?” “Is a business right for me?” We will review your information and advise you on a course of action.
- $300-$1,000 for consultations on Estate Plan Review, Business Formation Documents Review, contracts, and other business documents. Before a consultation, we will review your documents, draft an opinion letter, discussing potential red flags, giving tips on negotiation, and answering questions.
HOURLY FEES: $200-$250 PER HOUR
We can only take a case on contingency if: (A) there is an amount of money that you are seeking to recover (e.g., lost wages), and (B) we think there is a good chance that we will be able to prevail and recover something for you. If you do not meet those requirements, you will need to pay your attorney by the hour. Situations that commonly require you to pay hourly include:
- Additional work not included in your Package – all of our services are bundled. If you need other work performed, you may pay a flat fee or our hourly fee.
- Low recovery prospects – if your case has a low chance of success, or if you haven’t lost much money. In this situation, the potential award at the end of the matter is low. A percentage of a small award would not be sufficient to compensate us for our time. We would most likely have to charge by the hour in that situation.
- Your Choice. Sometimes our clients decide that it makes better sense for them to pay by the hour. If you have flexible funds, it may be less expensive for you to pay an hourly rate rather than assigning a percentage of your recovery.
HYBRID CONTINGENCY FEES:
A hybrid fee is a mix of a flat fee and a contingent fee – you agree to pay an upfront fee, coupled with a contingency fee at 30%.
- For our EEOC Employment Discrimination matters, before the EEOC, we take all of our cases on the Hybrid Contingency Fee or Hourly basis.
- This percentage is exclusive of costs. So you will have to pay for any expenses that third parties charge, such as the court, a mediator, or court reporter(for example, the lawsuit filing fee, records’ fees, and medical document fees).
- It is essential to understand what you’re signing up for when choosing a contingency fee. Many potential clients ask whether we will accept a lower percentage or whether they can get a discount after the case ends. Our answer to those questions is almost always “no.” Here’s why:
- As a Contingency Client, You Are Entering a Shared Risk Pool. Signing up for a contingency fee plan is, in many ways, similar to purchasing an insurance plan. EEOC Employment Discrimination Matters are highly unpredictable, making them financially risky for both you and your attorney. Selecting a contingency fee is one way to help offset that financial risk. In some cases, the Firm’s percentage may end up being more than it would have earned had the client paid by the hour. But in many other cases, the Firm’s portion ends up being far less than it would have earned if the client had paid by the hour. And some contingency cases will conclude without a settlement or a favorable court finding – meaning that the Firm is paid nothing for its work on that case. This is the risk associated with a contingency fee plan. The percentage cut that you assign to the Firm could end up being less than what you would have paid if you had been paying by the hour – but it could also be more. If you want to be sure this will not happen, an hourly fee is the best option.
*If you are the reason for us spending additional time on your project, the attorney’s discretion is to charge for the extra time spent. For example, if a client cancels at the last minute, or make substantial changes to documents, essentially changing the original context and intent.