Hourly rate

2 Answers. Asked on Jun 21st, 2017 on Business Law - New York
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I like to hire a lawyer for my small business. What should I expect to be the hourly fees
Answers Showing 2 out of 2
Answered on Jul 01st, 2017 at 2:29 PM

I do a lot of small business general counsel work by the piece, for a flat fee for each item.  It is easier that way.

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Answered on Jun 26th, 2017 at 10:09 AM

The hourly rates charge by lawyers range widely.  Factors will include location (rent and payroll costs can be major factors), subject area of practice  and  experience.  You can find some "hungrier" lawyers that might  be willing to work for less than $200/hour.   You can also find some lawyers at the largest firms who charge clients $1,800/hour or more.  

In addition to hourly cost, you should also look closely at experience.    An inexperienced lawyer who charges $185/hour and takes 20 hours to figure something out for you, is more expensive than a lawyer who is $600/hour and gets you the answer in less than 5 hours.   And that assumes that the less expensive lawyer can find the correct answer.      You should ask about hourly rates, estimated hours to do something and estimated total cost.  For some projects, firms should be able to even give you a flat fee.

 

 

 

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Business Law
Beginning on the day a new business is launched, it will encounter a host of legal issues. From selecting the optimal business structure to negotiating contracts, from ensuring that the company's name doesn't infringe on another business's intellectual property to hiring new employers--almost everything that small business owners do touches on some aspect of business law. As a company owner or manager, your focus should be on successfully running and building a business. A law firm that focuses on business law will have attorneys who have a broad cross-section of experience on the myriad legal issues that affect all businesses, large and small.
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