Do You Think Lawyers Charge Too Much or Too Little?

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To determine whether a lawyer is charging you too much or too little, you need to look at the value of what you are getting for your money. Are the services you are receiving worth the money you are paying out? If you hire a less expensive attorney, will you get the same quality of service? How important is the end result to you?

 

You need to find a lawyer who will give you a comfortable balance of the highest level of service at the lowest price. Contact several attorneys and ask for an estimate to determine what is a reasonable cost based on your needs. Never forget the old adage that you get what you pay for.

 

Obviously, if you are suing someone over a matter of a few hundred dollars, you don’t want to rack up a thousand dollars in legal fees. But as the value of your lawsuit grows, the higher fees may seem worth it. Because a win is not guaranteed, using a higher profile law firm with more resources and a good track record may be the difference between a judgment in your favor or a dismissal of your case.

 

Remember, you will pay for the name and reputation of the law firm you hire, but that still does not guarantee a legal victory. If you’re dealing with a criminal case, you have more at risk than just money. Your personal property and even your liberty may be at stake. You need a lawyer who will give you the best chance of beating any charges against you.

 

When you are determining what value you are receiving for your legal fees, you need to look at the whole picture. You may only spend a few hours with your attorney and have a bill well over a thousand dollars. You may ask how someone can justify billing hundreds of dollars per hour. No one makes that kind of money in the non-legal world!

 

Chances are your lawyer is not making that kind of money either. Your payment does not go directly into the lawyer’s pocket. He or she has to pay their secretary, their paralegal, the rent, the electricity, the phone bill, the janitor, and any other overhead. Your fee pays for everyone who worked on your case, and that’s not a lot per person per hour now.

 

Also take into consideration your attorney. You are paying for his or her expertise. This person studied for many years (and accrued a vast student debt) to provide you with a level of service that you may not get elsewhere. This is the true value of your lawyer’s time, and the bang for your buck, so to speak.

 

There are shysters out there who will gladly take your money and provide you a low level of service. Yes, they charge too much for their services. But if you take a close look at what value you are receiving for your legal investment, you can find a lawyer who will give you the level of service you require at a price that won’t break your budget.

 

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