How We Charge
When it comes to paying for legal services, there are several types of fee structures available depending on the matter and its complexity.
Charging an hourly rate is the most common form of pricing in most law firms. In this model, attorneys and supporting staff (such as paralegals or legal assistants who work under the supervision of your attorney) track their time, and the client is billed based on the hours worked on the case.
Other professionals who use this model include freelance writers, accountants, financial advisors, and some healthcare professionals.
Retainer-Based Fee Structure
Our law firm primarily works on an hourly rate basis within a retainer-based fee structure. This means that we may ask for a retainer payment up front to be held as a security deposit. Then, each month, you will be billed for any work on your matter at the hourly rate. Your retainer will be applied to your final bill upon resolution of your matter and any amount remaining will be returned to you.
How It Works
After an initial consultation, we will quote a retainer depending on the complexity of the matter. Our team will prepare a fee agreement for your review and signature that explains the payment terms and lists the hourly rate of the members of your legal team.
Once the fee agreement is signed and the retainer paid, our attorneys will work with you to design a legal strategy with your objectives, your budget, and your desired outcomes in mind.
Flat Fee Matters
Some matters at our firm are handled on a flat-fee basis. We offer flat-fee pricing on legal projects that are predictable and limited in scope.
Matters that we typically handle on a flat-fee basis include:
- Litigation consultations
- Franchise agreement and FDD reviews
- Contract reviews
- Single-member LLC formation
- New medical practice set-up consultation to discuss the structure, regulatory issues, scope of practice and the prohibition against the corporate practice of medicine)
- Med spa, IV hydration, or ketamine clinic consultation to discuss structure, regulatory issues, and other legal considerations; an organizational chart is optional
Call our offices to discuss your potential flat-fee matter. Our team will explain what is included in the flat fee and what we will need from you to get started.
Any services beyond the scope of the initial flat-fee project will be billed at the hourly rate.
Some attorneys – especially personal injury attorneys – work on a contingency basis, meaning you typically don't have to pay any fees upfront. Instead, the attorney's payment is contingent upon the successful outcome of your case.
Our law firm does not accept cases on a contingency basis. Many of the legal matters we handle, such as transactions and litigation, do not necessarily end with an expected financial windfall, so it would not make sense to count on a portion of those proceeds to cover our time and expenses.
How Much Will My Matter Cost?
Some matters are straightforward, and your attorney may be able to provide you with a rough estimate of what it may cost to handle your matter. Litigation is difficult to estimate because so much depends on the opposing party’s responses and legal strategy.
Discuss your budget and any financial limitations with your attorney in your initial consultation. Your attorney will take your budget into account when developing your legal strategy. Your attorney will also advise you if the matter may not be cost-effective to pursue, especially in the case of litigation.
Ready to Get Started?
Contact our law offices today to discuss your matter. Whether you’re currently facing or anticipating a legal need, knowing what to expect can help dispel some of the stress and uncertainty of legal matters.
We will do our best to put your mind at ease – so you can get back to business.
We Shoulder the Legal Burden.™And let you get back to business.
We Want to Be Your Law Firm for Life.We take a vested interest in our clients' success – from start to finish.
We Believe in Prompt, Personal Attention.As a boutique law firm, we unite real experience with personal attention.
We Serve Clients Throughout Texas and the Nation.We handle matters from the Red River to the Rio Grande and beyond.
In Business Since 1987.Let us put the full force of our 100+ years of combined experience to work for you.
“I cannot say enough good things about my Lawyer, Mr. David Augustus. His calm, laser-like knowledge of business law allowed me to prevail and teach a few others during the short negotiations. Having the full backing of his law firm also helped greatly.” - L.A.
“Excellent experience working with Ray to settle our partnership dissolution. He was consistently available and steadfast in his guidance. Highly recommend this firm.” - S.H.
“I retained Hendershot Cowart last year. Though an obvious small case for the firm, it was traumatic and very personal for me. Ashley Arnett guided me through the process, never once making me feel that my case wasn’t any less important as any other.” - S.L.