Attorneys are compensated by fees, which may be charged on an hourly basis, a retainer, a fixed fee or a contingency basis. The Rules of Professional Conduct state that fees may not be excessive (Rule 1.5 (a)). Of course, a lawyer informs the potential client the basis for the fee and related expenses, according to the scope of representation. What are the best practices for a solo attorney to determine the amount of the fee?

Given that some attorneys handle transactional matters, while others negotiate contracts and some litigate, it makes sense that solo attorneys structure their fees in accordance with what they anticipate will be the predictable and unpredictable nature of the matter.

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