Attorney's Fees Flashcards
Types of possible fee arrangements
- billable
- flat fee
- contingency
- pro bono
- retainer
Contingency Fee Arrangement
- cannot be unconscionable
- must provide copy of K
- signed by both parties
- be in writing (rate, orders of operations, any extra costs, not set by law, etc.)
M.R. 1.5 - Generally
Reasonableness of a fee
Factors; time/labor required, customary fee amount, results obtained, time limit constraints, etc.
M.R. 1.5(e) - Fee Splitting
Fee splitting - generally not allowed to split between attorneys at different firms unless;
- division is in proportion to services OR each lawyer assumes joint responsibility
- consent in writing from client
- total fee is reasonable
Counterpart - Cal 2-200(a)
- same as M.R. 1.5(e) #’s 2 and 3
2. consent in writing from client
3. total fee is reasonable
Costs and Expenses - Attorney usually pays upfront…
- Taxable Costs (generally granted to prevailing party)
- Expenses (more significant than taxable, courts will not shift)
M.R. 1.8(e) - Financial Assistance
cannot provide financial assistance unless;
- may advance court costs and expenses of litigation
- may pay court costs and expenses on behalf of an indigent client
Counterpart - Cal 4-210
- same as M.R. 1.8(e) + can advance costs to protect client’s interests
M.R. 1.15 - Handling Client’s Money
- prevent commingling
- requires attorneys put client money in trust account (withdraw only fees and expenses and notify client)
Counterpart - Cal 4-100
- same as M.R. 1.15
MICRA - Fee limiting statute
- no contingency fees allowed in medical malpractice
- % caps based on recovery