[vc_row][vc_column][vc_column_text el_class=”page-big-text”]At Ching & Seto, we offer a wide range of fee structures to better suit client needs:[/vc_column_text][ultimate_spacer height=”30″ height_on_tabs=”20″ height_on_tabs_portrait=”20″ height_on_mob_landscape=”10″ height_on_mob=”10″][/vc_column][/vc_row][vc_row equal_height=”yes”][vc_column width=”1/2″ el_class=”bg-box”][vc_custom_heading text=”Hourly / Retainer Fee Structure” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”page-sub-title”][vc_column_text el_class=”justify-text”]Traditional firms love hourly / retainer fee structures (we do not). Essentially, a firm charges clients a legal fee based on the amount of time the attorneys spend on a case. Typically, the firm will ask for a “retainer,” which is a predetermined amount that the client pays upfront. As the attorney works on the case, the attorney will deduct the hourly fee from the retainer amount. If the retainer fee is reduced to zero, the firm will ask for an additional retainer amount. The client usually will receive an invoice detailing how much time the attorneys spent on the case and a description on what the attorneys did.
Firms love this type of fee structure because it essentially means the firm could “bill” an enormous amount to the client. There is no incentive for the firm to work efficiently to resolve the client’s legal problems. Additionally, it makes it difficult for the client to budget and predict legal costs effectively. At Ching & Seto, we strive to work with clients to NOT provide an hourly / retainer fee structure. However, occasionally, clients will have complicated legal issues where it makes it difficult for the attorneys to predict the amount of work needed to resolve legal issues. In those instances, we provide an hourly / retainer fee structure, but will create a built in “fee cap” (a limit on the total amount of fees charged) to insure clients are able to budge and predict legal fees. Depending on the type and complexity of the case, our hourly fees can range between $50 per hour to $200 per hour.[/vc_column_text][/vc_column][vc_column width=”1/2″ el_class=”bg-box”][vc_custom_heading text=”Fixed Fee Structure” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”page-sub-title”][vc_column_text el_class=”justify-text”]At Ching & Seto, we typically provide clients with a fixed fee structure. This means we detail exactly what we will provide for legal services and exactly how much the client will pay for legal services. No more, no less – in terms of legal fees for legal services. Many times in litigation cases, there will be additional costs associated with litigation. Fees such as filing fees for court, fees for serving various parties, etc. are costs that unfortunately must be passed on to the client. However, we will do everything we can to limit the extraneous costs by utilizing various technologies to limit legal costs.
This type of fixed fee structure allows clients to predict and budget for legal fees. Clients will know exactly how much legal fees will be needed. Types of cases that are best suited for fixed fee structure are unlawful detainer (eviction) cases, simple civil litigation cases, and corporation / business formation.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer height=”30″ height_on_tabs=”20″ height_on_tabs_portrait=”20″ height_on_mob_landscape=”10″ height_on_mob=”10″][/vc_column][/vc_row][vc_row equal_height=”yes”][vc_column width=”1/2″ el_class=”bg-box”][vc_custom_heading text=”Contingency Fee Structure” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”page-sub-title”][vc_column_text el_class=”justify-text”]Most people are familiar with the contingency fee strucuture. Clients pays nothing for legal servies until the case is won or settled (legal costs are usually still covered by the client). Once the case is won or settled, the attorney takes a percentage of the amount won or settled. The percentage various depending on what stage in litigation the case is in. Usually the percent ranges from 25% to 40%.
Unfortunately, not all cases are suited for the contingency fee structure. To assess whether or not contingency fee structure is suited for a case, firms will look at the opposing party (defendant). The most important factor is whether the opposing party has the ability to pay if the case is won or settled. Second important factor is the amount of damages that are in dispute in the case. If damages are low or if the defendant has minimal or zero assets, it does not make financial or economical sense for an attorney to take a case on contingency. However, if there is an insurance company that will pay in lieu of the defendent should the defendnat lose or if the defendant has a lot of assets, then it makes sense for an attorney to take a case on contingency. Types of cases that are best for contingency are auto accidents, medical malpractice, aviation accidents, and business disputes.[/vc_column_text][/vc_column][vc_column width=”1/2″ el_class=”bg-box”][vc_custom_heading text=”Equity Fee Structure” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”page-sub-title”][vc_column_text el_class=”justify-text”]Equity fee structure is a relatively new way for firms to get compensated for legal services. With the increased technology startups in the market, law firms began offering legal services to startup in exchange for stock in the startup company. This allows the startup to save an enormous amount on legal cost and fees, while the firm has an incentive to provide quality services so the firm may quickly assist the startup company to IPO – allowing stock to increase in price.
The downside with this type of fee structure is that it requires a tremendous amount of “due diligence” (analysis of the viability of the company) on the client and firm. Firms will look at the startup’s financials, revenue, patents, etc. to determine if the risk with holding stock in the startup is worth it. This means the client is essentially opening their “books” to a lot of scrutiny. At Ching & Seto, we offer this type of fee structure, but will require due diligence to make sure the company is not engaged in fraudulent activities and to insure the company will eventually be profitable. Type of cases that are best for equity fee structure are business formation, contract drafting, and compliance.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer height=”30″ height_on_tabs=”20″ height_on_tabs_portrait=”20″ height_on_mob_landscape=”10″ height_on_mob=”10″][vc_column_text]DISCLAIMER: THE FEE STRUCTURES DESCRIBED ABOVE ARE FOR INFORMATIONAL PURPOSES ONLY. IN NO WAY ARE THE DESCRIPTIONS ABOVE TO BE CONSTRUED AS PART OF A CLIENT’S FEE AGREEMENT WITH CHING & SETO. FINAL TERMS OF A FEE AGREEMENT ARE NEGOTIATED WITH CHING & SETO AND THE TERMS OF A FEE AGREEMENT ARE STRICTLY CONTAINED IN THE FEE AGREEMENT. CHING & SETO DOES NOT WARRANT THE ACCURACY OF INFORMATION CONTAINED ABOVE. EACH LAW FIRM HAS THEIR OWN FEE STRUCTURES.[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” bg_type=”image” parallax_style=”vcpb-vz-jquery” bg_image_new=”64|https://www.chingandseto.com/wp-content/uploads/2017/11/10.png” bg_image_size=”initial” bg_override=”full” css=”.vc_custom_1510659148032{background-color: #f5f5f5 !important;}”][vc_column][ultimate_spacer height=”25″ height_on_tabs=”25″ height_on_tabs_portrait=”25″ height_on_mob_landscape=”10″ height_on_mob=”10″][vc_custom_heading text=”ATTORNEY FEES (for commonly provided services)” font_container=”tag:h2|text_align:center|color:%238a0f0f” use_theme_fonts=”yes” el_class=”section-title”][vc_single_image image=”208″ img_size=”150×33″ alignment=”center”][ultimate_spacer height=”40″ height_on_tabs=”40″ height_on_tabs_portrait=”40″ height_on_mob_landscape=”20″ height_on_mob=”20″][vc_row_inner equal_height=”yes”][vc_column_inner width=”1/2″][vc_custom_heading text=”Attorney Fees for Evictions*” font_container=”tag:h4|text_align:left|color:%238a0f0f” use_theme_fonts=”yes” el_class=”box-title”][vc_column_text]Includes Preparation of Notice, Complaint, Default, Monitor through Eviction
Standard Eviction Rates (Uncontested Eviction**)
3-Day Nonpayment of Rent; 30-Day Notice; 60-Day Notice $ 1,000.00
Nuisance, Section 8, Employment, Breach of Covenants, Foreclosure $ 1,000.00
Corporate Rental $ 1,000.00
Standard Eviction Rates (Contested Eviction**)***
Attorney Fees for Discovery, Court Appearance and Judgment $ 200.00 / hr- $ 300.00 / hr
Eviction Packege (Don’t like hourly? Everything from Notice to Completion) $ 2,000.00 – $ 3,000.00
Associated Court Costs
Filing Fees (Varies by County) $ 220.00 – 345.00
Process Server per Defendant $ 80.00 – 120.00
Writ Fees (Varies by County) $ 15.00 – 20.00
Sheriff Posting and Lockout $ 125.00
Court Document Attorney Service $ 20.00 – 50.00
Postage / Copies No Charge[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][ultimate_spacer height=”95″ height_on_tabs=”95″ height_on_tabs_portrait=”95″ height_on_mob_landscape=”0″ height_on_mob=”0″][vc_column_text]Optional Services
Money Judgment $ 100.00
Abstract of Judgment / County Record Filing $ 100.00 plus Filing Fee
Relief From Automatic Stay (Bankruptcy – Chapter 7 & 13) $ 750.00 plus Filing Fee
* Prices listed vary based on complexity of eviction. All prices are negotiable. Unless agreed to fixed pricing, all cases start with an initial retainer of $2000 and fees / costs will be deducted accordingly.
**Uncontested Eviction means the tenant either moves out within the notice expires or if the tenant does not file an opposing papers or an Answer to the Unlawful Detainer Complaint. Once an opposing document or Answer is filed, the case becomes a contested eviction.
*** On average a contested eviction comes out to between $1300 – 1800 not including associated court costs or optional services.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=”yes”][vc_column_inner][vc_custom_heading text=”Litigation / Trial / Mediation / Arbitration*” font_container=”tag:h4|text_align:left|color:%238a0f0f” use_theme_fonts=”yes” el_class=”box-title”][vc_column_text]Our litigation services are provided with two type of fee structures: hourly or fixed fee. Fees mentioned below will vary depending on type of case and complexity of the case.
Hourly Rate: $200.00 – $300.00
Retainer: $3,000.00 – $5,000.00
or
Fixed Fee (fixed fee rate varies depending on type of case)
* All fees listed above are for informational purposes and does not reflect actual terms on attorney-client agreements. Refer to executed attorney-client agreement for specific details.
Demand Letter: $ 600.00[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=”yes”][vc_column_inner][vc_custom_heading text=”Attorney Fees for Business Formations (Corporations, Limited-Liability Companies, and Partnerships)*” font_container=”tag:h4|text_align:left|color:%238a0f0f” use_theme_fonts=”yes” el_class=”box-title”][vc_column_text]Business Formation Standard Package ($1,000.00 fixed)
Articles of Incorporation
Corporate Bylaws or LLC Operating Agreement or Partnership Agreement
Initial Meeting Minutes
Statement of Information
Business Formation Delux Package ($1,800.00 fixed)
Everything in the Standard Package
Obtaining EIN
S-Corp Status (IRS Form 2663)
Subscription Agreement
Stock Purchase Agreement
Meeting Minutes
Optional Services ($200.00 / hr)
Nonstandard Corporate Bylaws or LLC Operating Agreement or Partnership Agreement
Miscellaneous Business Licensee Compliance with Local Government[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]* Prices listed do not include filing fees for documents. All prices are negotiable. All services will commence upon receipt of attorney fees[/vc_column_text][/vc_column][/vc_row]
