9:35 P.M. The going rate …

Mar2015GoodStHeader

    I looked at a load of articles on this … The one below is from 2013 … But was clearer in their examples than the others … Which is pretty good considering lawyers are involved !!! … But notice how the ‘ response rate ‘ to the survey dropped from the previous year … Hmmmm … I wonder why …

    Hourly rates appear to have dropped overall since last year , although this could be due to sample differences … Response rates to this year’s survey were lower than normal , with 179 firms taking part … In 2013 , hourly rates nationally are $193 for one-year calls / $256 for five-year calls / $310 for 10-year calls / $364 for 20-year calls / and $375 for those called more than 20 years ago … The gap between one-year calls and five-year calls has widened since last year … In 2012 , one-year calls charged 81 per cent of the hourly rate for five-year calls … In 2013 , it dropped to 75 per cent …

    Headon says firms are realizing fees need to reflect the actual value of work done … And that may involve reducing the rates of more junior lawyers …

    MORBNOTE ; ‘ Actual value of work ‘ ?! … That musta made a few lawyers spit up some coffee with that concept !!! …

    People are recognizing that not everything has to be done by a lawyer … Clients want to know about lawyer time versus clerk time spent on files and want to pay the lower rate of clerks , assuming clerks did most of the work …

    More than half ( 55 per cent ) of respondents offered free initial consultations , though the second biggest proportion  ( 14 per cent  ) charged between $201 and $300 … Only three firms charged more than $500 for an initial consultation …

    Opinions differed widely on the benefits of free consultations … A sole practitioner in Ontario said :

     ‘ I have found that offering free consultation fees brings in a lot of ‘ tire kickers’  … People shopping for the best deal … By charging for a consultation , you get people who are seriously looking for legal advice and who more often than not retain you … Another respondent from a small firm said fees were necessary to ‘ weed out ‘ the clients who expect ‘ freebie’ services ‘ and to ‘ garner respect ‘ … Others complained that people often failed to show up for free consultations or that slashing the fee created a false expectation that other services would be free or very low cost …

    However , a respondent from a mid-sized firm in Alberta said ‘ I think consultations should usually be free as part of our mandate to serve the public ‘ …
    While a lawyer from a small firm in Saskatoon thought the first half hour should be free ‘ to let the clients gain trust in your abilities ‘ …

    Looking at firms with Ontario offices, some of the most commonly provided services appear to have seen price drops in the past year … For example , the average fee charged by the 56 firms providing services related to simple wills is $352 , down from last year’s $396 … For complex individual wills , fees have gone down to $797 from $937 and couples’ wills are now $1,045 on average , compared with last year’s $1,392 …

    Uncontested divorces are at $884 this year, averaged across the 40 Ontario firms in the survey that said they carried them out , but were $1,462 in 2012 … Separation agreements are $2,439 , down from $2,797 … 

    It is pointed out there are external factors that , if tackled , would help to bring down firms’ costs … For example , increased government funding in systems aimed at increasing the efficiency of courts would mean litigators could access documents online instead of having to pick them up by hand , a time and cost saving that could be passed on to clients …

    MORBNOTE II ; HERE WE GO !!! … The lawyer firms’ solution to bring down their costs is to have the TAXPAYOR pay for it thru the government … An institution that is comprised of around 80 odd percent of … LAWYERS !!! … And they’ll ‘ pass the savings on to the client ‘ … Who , in a right mind , would hold their breath on that one ?!!! …

    Rising overheads , added to client pressure to reduce fees , are ‘ putting a two-sided pressure on the lawyers … They’re getting squeezed in the middle ‘ …

    Least profitable areas ;  Legal aid , small claims matters , family law  and criminal law …

    Why of course !!! … Why would any lawyer bother with the petty concept of justice and fairness if there’s not enough ‘ profit ‘ in it ?!!! …

    Jan19Blog1 I guess if it doesn’t put gas in the Mercedes …

    It’s just not worth the effort ! …

    via The going rate.

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