Charging Rates & Charging Policies

We at This Firm strive to provide high-value service at all Times. Billing rate alone do not determine the value of legal services. Factors such as the quality of research analysis, the speed with which the work is completed, the economy of time spent and the degree to which the work focuses on the commercial issues under consideration is at least as important.

It is not always possible to estimate likely cost. In many commercials and litigious matters, the professional time required is determined in large part by the course of negotiations and the actions of non-client parties. Often these are impossible to predict at the outset of a matter. In such case, the Firm will try to help clients control their budgets by regular billing procedures.

We follow the Rules of Professional Conduct specifically deal with a setting of legal fees. Accordingly, we considered all factors in determining the reasonableness of a fee include the following:

• The time and labor required, the novelty and difficulty of the questions involved, and the skill requisite to perform the legal service property;
• The likelihood, if apparent to the client, that acceptance of the particular employment will preclude other employment by the lawyer;
• The fee customarily charged in the locality for similar legal services;
• The amount involved and the results obtained
• The time limitations imposed by the client or by the circumstances
• The nature and length of the professional relationship with client
• The experience, reputation, and ability of the lawyer or lawyers performing the service

Fee Structure and Rates

We are open to a variety of fee and rate structures. Most clients engage us under a traditional hourly billing format, but we are aware that this does not always adequately align the interests of the firm with that of the client. In the appropriate case, we are quite willing to discuss fee structures that might involve:

Fixed fees for well-defined portions of work.

Reduced fees for assured volumes of work.

Fees partly contingent upon the successful attainment of NTP, financial close or other project milestone.

In all cases, we are quite confident that our low overhead operation provides us with the ability to pass on significant rate discounts to our clients while maintaining a consistently high level of service and expertise.

Whether representing individuals, groups of individuals, or corporate entities, we offer our clients a variety of innovative fee arrangements allowing each client to choose the fee structure best suited to his or her circumstances and resources. A Through contingent fee, hourly fee, and reverse contingent fee arrangements, we are open to discussing a fee arrangement that not only provides for the ultimate success for our clients, but also does so in a manner that compensates the firm for the results it is able to achieve, while protecting the interests of the clients we serve.

Types of Fees

Clients who rarely use legal services may be unaware of the money methods of determining a lawyer's fee. A careful explanation of the particular method of fee determination in a matter to be undertaken will add greatly to understand our policy. There are many kinds of legal fees set in many ways;

Contingent fee: This fee is paid only where a matter successfully completed and a recovery affected, such arrangements are common in our practice where our client is a plaintiff. The contingent amount is an agreed percentage of the total recovered. One of cost of litigation is subtracted from the gross recovery and are repaid to the law firm who may have advanced them. It is common for different percentage divisions to be made, depending on whether a matter is tried in court or settled Outside of court. In some type of legal matters there may be flat fees or time charge plus a contingency fee. For example. We make charge an advance amount plus a percentage of recovery.

Fee Arrangements

Time Charges: We normally charge or estimate our fee on the time-spent basis for our professional services. Time spent for a client is a primary consideration in the setting of fee. The time required by a matter is generally the first consideration in fee setting, where the client involved is a corporation, or other business enterprises. In order to use a time as billing base we establish a rate per hour, which then can be used to convert the hour spent into money to be charged. The actual billing rate for our services is set at a figure, which is higher or lower than the cost rate calculation. The billing rate, therefore, is based on the cost rate factors such as experience and seniority. Hourly rates are set in accordance with prevailing market condition in the UAE and vary according to legal experience. Specific rates will be quoted on request.

For certain types of legal service, we have fixed fees. In addition, we will bill and expect payment for our-off pocket expenses such as travel, meals, filing fees, etc.

Our statement generally will be prepared and mailed during, the month following the month in which services are rendered and costs advanced. We expect payment within a few days after the statement date.

Retainer agreement: Retainer agreement is one method of rendering services to a client and maintains availability of lawyers in the law firm during the period of the retainer agreement. Generally, negotiation will determine the amount and the period for such agreement. A pure retainer agreement will provide that our law firm will not undertake any kind of adverse representation or, possibly, representation of a competitor of our client, and that our client will be kept informed of prospective changes of laws or regulations which may affect his interest. The retainer agreement, usually, will include original advice concerning business operations, and ordinary documents required for regular business operations. It will not cover litigated matters requiring appearances at boards or commissions, courts or administrative agencies