Asked by Baileigh Larson on May 04, 2024
Verified
Marta Greiner meets with her attorney, Norm Abrams, to incorporate her florist shop. The bill for the attorney's services is $1,500-three hours at $500 per hour. This is an example of which of the following types of legal fees?
A) Fixed fee
B) Hourly fee
C) Contingency fee
D) None of these choices is correct.
Hourly Fee
A payment model where a professional is compensated based on the amount of time spent on a specific task or project.
Legal Fees
Charges or costs associated with the provision of legal services, which may include hourly rates, flat fees, or contingency fees.
Attorney's Services
Professional legal work provided by a licensed lawyer, including representation, advice, and document preparation.
- Develop an understanding of the range of legal costs and billing techniques.
Verified Answer
FH
Faith HouserMay 05, 2024
Final Answer :
B
Explanation :
The bill is based on the number of hours worked by the attorney, at a specific rate per hour, which is characteristic of an hourly fee structure.
Learning Objectives
- Develop an understanding of the range of legal costs and billing techniques.