Consider what you'll need from your lawyer if you are looking to hire one. An hourly rate of $1,000-$2,500 should be the norm. This includes the time it takes to research your options, prepare the paperwork, meet with the lawyer, negotiate the contract details, draft the agreement, file fees, and travel expenses. Even though you believe you are paying for his or her expertise, you actually spend more.
You also need to consider whether the lawyer is available part-time. Hourly rates are typically charged by full-time legal professionals. Part-time lawyers generally bill by the project. It is a good idea to hire a part-time attorney if you only need their assistance once or twice each year. You should however seek out a full time lawyer if you require ongoing assistance.
Consider whether you prefer to have a solo practitioner or a full-service firm. Although solo practitioners often charge less per hour than firms they are often not able to provide the best representation. Firms may offer more experience, greater expertise and greater access.
Finally, you should factor in the cost of malpractice insurance. While certain states require lawyers to have professional liability insurance, some do not. To find out which insurance companies are available in your region, check with your state bar association.