- Jon Robinson
CEO, UMB Bank Colorado
At the outset of every engagement, we work with you to align our fees for legal services with your objectives. We utilize fee arrangements that provide value and predictability, including:
We will provide you with a monthly statement describing the work performed and the costs incurred to date, and the remainder of your retainer.
Value pricing describes a pricing model in which fees are set based on the value of the work done for the client. Value pricing is set before the work begins so that you know up-front how much you will pay. Inman, Flynn offers value pricing as one alternative for legal fees. Here’s how it works:
You provide the attorney information about your matter, including the facts and your goals for the representation.
The attorney develops a scope of work and gives you a customized, fixed fee before representation begins. As long as the scope of work does not change due to unexpected circumstances, this fixed fee is the amount you can expect to pay.
The value pricing model allows you to weigh the costs of legal representation against the benefits and to make an informed decision about how to proceed with your legal matter. It also encourages robust communication between attorney and client, because you are not “on the clock” for every e-mail or telephone call.
Our primary goal is to provide you the best possible legal services at the best possible rate. Oftentimes, utilizing our competitive hourly fee arrangement makes the most sense for your matter.
We will consider taking cases on contingent fee basis, in certain circumstances. A contingent fee means that we are not paid a fee for our work unless you recover from the defendant in a settlement or after trial. If you recover, we are paid a percentage of that recovery out of the money awarded to you. If you lose, neither you or the attorney will get any money. However, you must pay all costs of the case including court costs, deposition costs, expert witness fees and other out of pocket costs regardless of the outcome, and whether or not a recovery is obtained for you.