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Fees to Profit By

Professionalism Resource Database


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Classification:Billable Hours
 
Date Published:03/01/1991
 
Title:Fees to Profit By
 
Source:ABA Journal/Michael J. Strausser
 
Summary:

Strausser sets guidelines for attorneys who need to know what it costs to provide their services before they can set fees that will be profitable.
Lawyers who set fees by following the pack lose control over an important way to be profitable
Sometimes problems result when fees are too low. Fee setting should be custom-made to fit your circumstances. The fees you set for your services should cover your total investment and expenses of running your office.
Article gives the hourly rate formula, and Strausser suggests that you review your hourly rates once a year. 2 pages

 

[Revised: 07-28-2006]