Litigation (the process of taking legal action in court) contains risks and rewards. There is no guarantee of success or failure, and litigants must plan for both. At Faramarzi Law Corporation, we recognize that the decision to litigate is often a difficult one, based on financial reasons.
Many of the clients prefer to know how much their legal fees will be, and pay the majority of the legal fees at the end of the case. As such, to better serve our client’s needs, the firm offers the following payment options based upon the nature of the case:
- Contingency Basis: You do not pay any legal fees unless we win your case. This means that we do not charge any legal fees or costs up front. At the end of your case, the legal fee is a reasonable percentage of whatever money we get for you. This payment is available for ICBC Claims, Personal Injury cases, and certain Business, Corporate, and Commercial disputes and Real Estate disputes.
- Hybrid Basis: After reviewing your file, we estimate the legal fees of your case. Then you are only required to pay a portion of the estimated legal fees (usually 33% of the estimated legal fees), and then the balance of the legal fees will be paid at the end of your case and/or when you receive a successful judgment. The balance of the legal fees may be calculated on an hourly basis or a percentage of the outcome of the case. This payment is available for certain Business, Corporate, and Commercial disputes and Real Estate disputes, and certain Family disputes.
- Flat Fee: We provide flat fee or fixed fee payments for certain Immigration and Citizenship files.
- Hourly Rate: The lawyer bills the client based on an hourly rate, and invoices the client regularly for work done, along with disbursements (out-of-pocket costs such as court filing fees, photocopies, couriers, etc.). In order to ensure payment, a retainer (money paid up front) is requested to pay for the costs of litigation, where the client is asked to top up the retainer when the retainer balance is running low, during the course of the litigation. A standard opening file retainer is $5,000.