When you are considering hiring a lawyer to represent you, think about what you would need. You should expect to spend at least $1,000 to $2,500 per hour. 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 may think that you are only paying for their advice, in reality, you end up spending much more.
Consider whether you wish to retain the attorney full-time, part-time, or both. Hourly rates are usually charged by full-time lawyers. Part-time lawyers usually bill by project. Part-time lawyers are best if you need assistance only once or twice per 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. Solo practitioners typically charge lower hourly fees than firms, but they often lack sufficient resources to provide effective representation. Firms may offer more experience, greater expertise and greater access.
The cost of malpractice insurance should be considered. Some states require professional liability insurance for all lawyers. Others don't. In any case, it is a good idea to check with the state bar association to see if there are any insurers in your area.