Most lawyers stick to the same antiquated, burdensome hourly billing, which limits their practice of law and people’s access to legal services. A lawyer’s strict adherence to old hourly billing modalities deprives many potential clients from receiving legal guidance. At O’Brien Law, we refuse to shove any client’s case or fee agreement into the same sized, predetermined box.
Retainers & hourly billing
Some cases warrant the traditional method involving payment of a retainer (a deposit on services) and then billing all work on the case against the retainer. If a client’s retainer is exhausted or as bills are incurred, an additional retainer is requested.
Contingency fees & hybrid fee agreements
In certain cases, O’Brien Law may charge a contingency fee, which delays payment of legal fees until the case yields a financial result. Under a contingency arrangement, the attorney fees are a percentage, usually 33%-40% of the settlement or judgment obtained in favor of the client. Ohio law prohibits contingency fee agreements in certain legal cases. Beyond that, we use hybrid fee agreements, wherein a client agrees to pay a reduced hourly rate in exchange for agreeing to pay fees contingent on prevailing.
We also present clients with options when selecting their legal services and determining the scope of representation. For some situations, charging a flat fee for an exceptional, limited legal service matches the circumstances, needs, and financial budget of a client. With a flat fee, a client knows exactly what the cost will be – no hidden or unpredictable fees.