That is why we have different methods of calculation for our legal fees. Regardless of the method, we always bring up this topic at the beginning of our relation and strive to find a solution that best suits you.
It applies to cases that leave little room for contingencies (drafting or amending agreements, company operating agreements, terms and conditions, etc.) and for which we are able to assess quite precisely what tasks to perform. That allows us to determine a flat fee with you for all of our services.
This method consists of recording the time we will spend on the case. Our firm charges an hourly rate that scales from 150 euros to 200 euros, exclusive of VAT.
Hourly billing varies according to the financial value of the dispute, its level of complexity and urgency, and your financial resources. It is also in keeping with the type of service. We will not charge the same hourly rate for business trips and for court appearance!
We use a software (billings) that tracks the time we spend on your case (time sheet). You can ask for an overview of the time spent on your case any time.
Here the lawyer’s fee is based on a percentage of the amount awarded for the case and is calculated at the end. It is also contingent upon the outcome of the case. However, it is prohibited by law to base legal fees exclusively on the outcome of a case.
The percentage may vary according to the outcome, but also to the same criteria applied for hourly billing.
There are other legal fee calculation methods, including:
Total flat fee: It consists of a minimum and/or capped flat fee for a case. It is agreed that legal fees (which are calculated using one of the main calculation methods) shall not be inferior to and/or exceed a capped amount set in advance.
Combined method: Legal fees are based on two or more calculation methods. Attractive hourly rates can be combined with success fees, for example.
Subscription fees: They consist of a flat amount paid periodically (per month, quarter, semester, or year), or for a set number of cases. That method is relevant for the recovery of amounts due (rent, bills, etc.).
Unlike other countries (Germany for example), the losing party does not pay for the winning party lawyer fees.
Thus each party incurs their own lawyer’s fees and expenses.
However, the losing party has to pay for court fees (costs to the court bailiff, expert witness fees, etc.) and also for a procedural indemnity whose amount partly differs according to the dispute award.
You can access the procedural indemnity chart here.