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The Patterson Law Firm, LLC
August 13, 2013
FOR IMMEDIATE RELEASE:
The Patterson Law Firm Comments on Alternative Fee Agreements for Business Lawsuits
A recent article in InsideCounsel highlighted price and service as the top two reasons clients have both hired and fired law firms. The survey cited the fact that 33% of firms have stopped using a law firm within the last year due to these reasons.
Pricing structures are causing much of the concern that clients are experiencing. While in the past hourly fees were common, companies, having to cut back, are scrutinizing their bills much more carefully these days and are unwilling to accept the previously unnoticed small fees that some firms tack onto their bills. We have included several posts in our blog related to the issues of excessive hourly bills and the emerging popularity of the contingent fee. The Patterson Law Firm is proud to be a boutique commercial litigation firm that offers representation on a contingent fee basis, not only for cases where that is common, but also in much less common circumstances: from breach of contract to shareholder disagreements.
By offering this type of payment structure for business lawsuits, we are able to broaden our representation and foster a positive working relationship with our clients. A contingent fee is mutually beneficial for both clients and The Patterson Law Firm. It provides the incentive for lawyers to win cases as quickly and efficiently as we can.
Clients appreciate the flexibility that our firm provides by offering not only a contingent fee payment option, but also a blended fee arrangement, which includes a combination of a discounted hourly rate and contingent fee.
While not all cases can be accepted on a contingent fee basis, there are many business lawsuits that can support this type of arrangement. If you are interested in learning more about our fee arrangements or the services we offer, please visit pattersonlawfirm.com or call (312) 223-1699.