Why Would You Hire an Attorney at an Outrageous Hourly Fee Costing Hundreds of Dollars an Hour When You Can Hire the Same Attorney for a Small Percentage of the Recovery with a No Recovery No Fee Guarantee?
As an experienced Pennsylvania trial attorney who has successfully handled thousands of complex injury cases since 1979 with a successful track record, I am incredibly amazed that many lawyers still have not abandoned what I consider to be dinosaur billing methods of hourly rates. As a consumer, I recently had the opportunity to consult with a lawyer on a real estate matter that was well out of my area of expertise. I was shocked to learn that many of the attorneys that I contacted were charging fees ranging anywhere from $500 to $1,000 per hour, and, in fact, when I went to one meeting, I was told that I would be billed per hour for each attorney working on the case which meant that if I went to a conference with 5 attorneys, I could conceivably end up paying up to $5,000 an hour. I had to kick myself and laugh when I recently read that billings at many of the large law firms are down and that clients were seeking alternatives in fee arrangements. In my opinion, I think the day of excessive hourly legal billings in going out of style faster than the Nehru jacket and if those lawyers don’t get it, then shame on them.
For over 30 years, I have believed that an attorney should be rewarded if he is successful in obtaining a good result for his client, meaning if there is no recovery, there should be no fee and if there is a recovery, the lawyer should be entitled to a small percentage. I believe that attorneys who work on a contingent fee basis perform a valuable service to the public because they take cases that poor and middle class clients could not otherwise afford to bring. I find that most clients dislike paying high hourly fees and desire to tie their lawyer’s compensation to performance and give him an incentive to produce great results. Obviously, a contingent fee lawyer has an incentive to work harder on a case where he has a percentage of the profits.
The Pennsylvania catastrophic injury law firm of Reiff & Bily focus on catastrophic injury and wrongful death cases throughout the Commonwealth of Pennsylvania. We thoroughly screen and investigate each of our potential cases to evaluate its merits, and if we decide to accept your case, we will fully dedicate our resources and if we don’t win, you don’t have to pay us a fee. We have received the distinction of being named Pennsylvania Super Lawyers by Philadelphia Magazine and Law and Politics Magazine due to our outstanding achievements in handling catastrophic injury, medical malpractice, and product liability cases both in Philadelphia, as well as throughout the Commonwealth of Pennsylvania. We are members of the Million Dollar Advocates Forum, a prestigious organization that recognize exceptional trial lawyers who possess the excellence and experience to handle large and complex cases and have achieved million dollar verdict awards or settlements. We have received the highest rating by Martindale Hubbell and have been recognized by our peers with an AV rating. We have achieved a superb 10 out of 10 rating by avvo.com.
If you would like to have a free no obligation consultation to learn more about our no recovery no fee guarantee, please contact us online at www.reiffandbily.com or toll free at 1-800-421-9595.
