Compensation for legal service is at all times agreed upon with the Client on an individual basis. The compensation depends on the type, stage and complexity of the problem. Compensation may be agreed upon according to the following models:
- Hourly compensation
The compensation depends on time needed to provide the legal service. An upper threshold of hours to be worked may be agreed upon so that the control of costs on a current basis is possible.
- Lump-sum compensation
The amount of a lump-sum compensation is agreed in advance. The lump-sum compensation may be also agreed upon with respect to individual acts and things to be done.
- Mixed compensation model
The amount of compensation is set on a lump-sum basis with respect to a specified number of hours to be worked. Where a legal service requires more time and exceeds the hourly limit already set, additional hours worked are compensated on an hourly basis.
- Success fee compensation model
The major part of the compensation depends on the success of the project or on winning the case in court. In this model, the compensation consists of a portion of profit from such project or court case. In this way, fixed costs of legal service may be reduced.
A detailed compensation proposal may be provided after the scope of legal service in a given case has been identified.