The Five C’s of Hybrid Fee Agreements
From the Oregon Law Practice Management blog.
From the Oregon Law Practice Management Blog. As always, Washington attorneys must comply with the Washington RPCs.
Call it a hybrid fee agreement (HFA) or an alternative fee agreement (AFA). Lawyers are looking for creative ways to appeal to clients who are resisting the traditional hourly rate approach.
Employment Law HFA
Consider the employment law case that is less than a slam dunk. You could put in many hours only to see no fee. Ah, the life of a contingent fee practitioner.
Or is it? One creative lawyer decided to offer his client a hybrid fee arrangement: a reduced hourly rate of $100 per hour with a 25% contingent kicker in the event of a recovery. (Lower than the “going” contingent rate of 33%.) If the client agrees, and your fee agreement passes the test below, there is nothing wrong with such an arrangement.
Family Law HFA
Among family law practitioners – who are forbidden to take a contingent fee – a popular hybrid fee arrangement incorporates a flat fee earned upon…
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