Recently in Hiring Plaintiff Injury Attorneys Category

What is the Purpose of This Blog?

September 7, 2010

When this blog was first started, it was clearly understood that the subject was to be about legal issues of general interest. After all, why have a website promoting a Colorado-based law firm if the purpose is to entertain with tales of whimsy?

This law firm, which primarily represents victims of defective and unreasonably dangerous consumer products pretty much all over the U.S., depends mostly on word of mouth referrals from hopefully satisfied clients and their families and friends, and referrals from other lawyers. We don’t advertise in brochures, newspapers or magazines, or on radio, television and the like, or on billboards or buses or bus stop benches. Still, we don’t criticize lawyers who do.

But isn’t advertising on the web the same as any other form of self promotion? Not exactly. It seems to us to be just a little less irritating. And it’s a whole lot cheaper. But more importantly, it cuts out the middleman. Why should a person who is looking for a competent and experienced lawyer on a matter of importance have to rely on content that may be filtered through an advertising agency? We should be able to tell prospective clients about our experience, what our practice emphasizes, and what our track record is. We expect you to ask us questions and to ask around about us. We believe our national reputation will withstand your scrutiny.

That being said, stay tuned. Every so often, we’ll continue to inform about legal issues of interest to many of you. When we stray from that objective, we hope we can still say something interesting, or at least entertaining.

After all, don’t most of us already have enough serious matters to think about?

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Legal Fees Charged to Corporations Going Up in the Economic Downturn

February 11, 2010

A December study by the legal consultancy firm of Altman Weil showed that the recession notwithstanding, some large law firms are raising their fees to corporations by an average of four per cent in 2010. It is unknown whether or not Colorado law firms were included in the study.

The hourly rate charged by senior partners in these large firms has gone as high as $700-$900 per hour. A local survey by Boston-based BTI Consulting in October disclosed that 15% of Boston’s law firms are raising their rates for 2010, while the remainder is keeping their fees the same as last year.

As I have written before, a corporation that is cost- conscious and result- oriented should look at the advantages of hiring a plaintiff’s firm that charges on a contingent fee basis, whereby legal fees are based upon a percentage of the amount recovered in a lawsuit. If the lawsuit is lost, the lawyer receives no fee. Of course, this type of fee arrangement is normally confined to instances where the corporation is suing another person or legal entity for monetary damages. If the corporation is the defendant in the case (the one being sued), contingent fees are usually not appropriate, although some plaintiff’s firms will fashion a fee agreement whereby the lawyer is paid based upon results in the case.

A corporation or other entity that is considering filing a suit for money damages should feel free to contact this firm for additional information on the various types of legal fee agreements available.

Related postings:

Why You Need a Contingent Fee Lawyer for Your Colorado Business Litigation

Why You Need a Contingent Fee Lawyer for your Colorado Business Litigation, Part II