We charge for legal services based upon current hourly rates for firm attorneys, paralegals, practice assistants and law clerks. Hourly rates may vary among personnel and we may adjust hourly rates on a periodic basis (usually January 1 of each year). If we do change our rates, the new rates will apply to all work performed after the new rates are implemented. We may use contract lawyers on your engagement and when we do their billing rate may be higher than the rate at which we pay the contract lawyer.
Billing and Collection Practices
We will send you monthly invoices for legal fees, disbursements, and other expenses incurred on your behalf, unless a different billing cycle has been prearranged with you. These may include, but not be limited to, photocopies, scans, printing, messenger services, computerized legal research, travel expenses, and services provided by third parties, such as experts, court reporters, process servers and document reproduction services. You may be asked to pay large charges in advance or directly to the service provider.
Generally, statements are dated as of the last day of the month, and include services and expenses incurred since the prior statement through approximately the third week of the month. Time and expenses not posted at the time of billing will appear on the next invoice. We reserve the right, at our discretion, to change the basis and amounts that we bill for costs and other charges in the future and to terminate our representation and services on your behalf if invoices are not paid promptly. All invoices are due upon receipt. Invoices not paid within 60 days after the invoice date will be assessed a late fee of 12 percent per annum (1% per month), calculated on the past due amounts.
It is our policy to keep clients as informed as possible. You will receive documents, pleadings, correspondence and other information throughout our representation and these copies will be your file copies. When all legal work necessary for your matter is complete, the file will be closed. Under our document retention policy, we normally destroy client files 10 years after a matter is closed, unless you instruct me in writing now to keep it longer. Consistent with all applicable rules of professional conduct, the firm will use its discretion as to the retention or destruction of all lawyer work product and any client materials that remain with the firm.
Our firm is a member of Meritas, a network of over 170 independent commercial law firms in major cities throughout the world. While Meritas members are not engaged in the joint practice of law and do not share fees among themselves, membership in Meritas gives us, and our clients, important access to competent, legal resources in other jurisdictions and specialty areas of practice so that our clients’ needs for legal services can be handled efficiently virtually anywhere. While we will only work alongside and utilize the services of another Meritas firm with your express knowledge, we want you to be aware of Meritas and its possible benefits to you. Further information about Meritas can be obtained at the organization’s website at www.meritas.org.