Numerous factors are considered when determining the appropriate fees of a Family Lawyer and are considered on a case-by-case basis.
The following aspects can be considered:
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Complexity of Case
Family law matters around children or a relationship breakdown can average around $30,000 per person.
In the event there are more complex property or financial factors to be considered, this includes and is not limited to substantial property pools and multiple entities including trusts and companies.
These matters usually can exceed $100,000 per person due to their unique nature.
Expertise and Experience of Lawyers
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A Lawyers experience and expertise can set them apart regarding the fees they charge. In a final hearing, a senior associate may charge between $3,000 to $6,000 per day in court. Whereas junior lawyers will charge less due to their developing expertise.
The more experienced the lawyer, the more chance there is of navigating in and out of the system more quickly, negotiating an appropriate outcome and resolving the matter with Orders by Consent or Orders of the Court more quickly.
Generally, a solicitor that focuses on family law deals with more family law matters on an ongoing basis than a solicitor who focuses on other areas or practices across all areas of law.
Firm Location
Firms located within metropolitan areas can typically charge more as compared with their rural and regional counterparts.
Billing Methods
When instructing a Lawyer, a retainer will be required, which can range from $5,000 to $20,000 to cover the costs of preparation and attendance at final trial. Time spent and work completed outside of what is stipulated within the retainer is then charged as an hourly rate against that, ranging from $200 to $500 per hour.
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Any fees which have been transferred into Trust that are unused by the conclusion of the final hearing will be refunded back to the client.
Fixed fees around $2,000 to $5,000 can be charged for advice and the drafting of documents on straightforward issues. In litigation, fees are around $10,000 to $30,000 for negotiations or mediation.
If a matter has proceeded to a final hearing, it is sometimes necessary to engage Counsel. Barrister fees can be charged by the hour ranging from $200 to $500 per hour or on a day basis.
Expert witnesses including psychologists, accountants and valuers may incur additional fees from anywhere between $5,000 to $15,000 or more.
Source: https://tholansonnha.com
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