Purchase the broadest possible insurance policies in order to have the insurance company pay legal costs. Whenever possible, specify in contracts that any litigation be in your own state. The costs of going to court are much higher away from home. Types of Attorneys Two types of attorneys are litigation attorneys , who resolve disputes, and transactional attorneys , who structure transactions, for example, by writing contracts. A significant portion of venture funding goes for advertising and legal fees.
Lawyers usually make their money through hourly fees.
Contingency may be used in litigation of collection cases and personal injury cases. More recently, especially in California, some attorneys have begun to accept equity as partial payment for their services. So one phone call would result in a bill for at least six minutes of time. Usually, charges are added for copies, faxes, printing costs, etc. There often is no fee for the initial consultation.