Price Law Firm Among the First to Introduce a Flat Fee Payment Option
Fort Worth, TX, March 13, 2008 --(PR.com)-- Beginning in March of 2008, Price Law Firm will be one of the first law firms in Fort Worth to offer a flat fee payment option. The firm will initially offer clients the option to choose either paying the traditional hourly fees for services or flat fees which are determined individually for each case after an initial consultation.
The flat fee requires a payment in advance for specified services. A flat fee is based on the services to be rendered and their complexity. Once set, flat fees do not increase. However, additional fees may be charged to pay for services not included in the original agreement. “Many clients prefer the flat fee arrangement because they know at the beginning what their financial commitment will be,” said Dick Price of Price Law Firm.
Under the traditional hourly fee system, clients maintain a specified level of retainer that is billed against until the matter is completed. Monthly statements are sent out specifying the work done and hours expended.
With either approach, the services are spelled out in a written agreement. Both options are discussed with prospective clients and they choose the plan they prefer.
The flat fee payment option has become more popular among attorneys nationwide in recent years because it is a more customer oriented payment plan.
About Price Law Firm
Price Law Firm is a leader in innovation for the Fort Worth legal community. Price was one of the first lawyers in Tarrant County to be trained in Collaborative Law, and he was a founding member and is a leader of the Collaborative Lawyers of Tarrant County. Additionally, in 2007 Price Law Firm launched the first Divorce and Family Law blog in Tarrant County. Price is a frequent speaker on law practice management and has been named a Top Attorney by Fort Worth Magazine.
Richard C. “Dick” Price has practiced divorce and family law in Fort Worth since 1976 and has been Board Certified as a Specialist in Family Law since 1984.
For more information and to access the blogs go to www.pricelawfirmtx.com.
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The flat fee requires a payment in advance for specified services. A flat fee is based on the services to be rendered and their complexity. Once set, flat fees do not increase. However, additional fees may be charged to pay for services not included in the original agreement. “Many clients prefer the flat fee arrangement because they know at the beginning what their financial commitment will be,” said Dick Price of Price Law Firm.
Under the traditional hourly fee system, clients maintain a specified level of retainer that is billed against until the matter is completed. Monthly statements are sent out specifying the work done and hours expended.
With either approach, the services are spelled out in a written agreement. Both options are discussed with prospective clients and they choose the plan they prefer.
The flat fee payment option has become more popular among attorneys nationwide in recent years because it is a more customer oriented payment plan.
About Price Law Firm
Price Law Firm is a leader in innovation for the Fort Worth legal community. Price was one of the first lawyers in Tarrant County to be trained in Collaborative Law, and he was a founding member and is a leader of the Collaborative Lawyers of Tarrant County. Additionally, in 2007 Price Law Firm launched the first Divorce and Family Law blog in Tarrant County. Price is a frequent speaker on law practice management and has been named a Top Attorney by Fort Worth Magazine.
Richard C. “Dick” Price has practiced divorce and family law in Fort Worth since 1976 and has been Board Certified as a Specialist in Family Law since 1984.
For more information and to access the blogs go to www.pricelawfirmtx.com.
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Contact
Price Law Firm
Ann Thaxton
817.999.9730
www.pricelawfirmtx.com
Ann Thaxton
817.999.9730
www.pricelawfirmtx.com
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