Billing And Fee

Home Billing And Fee

BILLING METHODS

Client has an option to select any one of the billing methods before commencement of work. We follow a very transparent, competitive and convenient procedure pertaining to the costs and expenses. The following schedules for the professional fee are framed for the suitability and convenience of the clients in order to not over-burden them with the costs of a legal battle.

INITIAL RETAINERS FEE & SUBSEQUENT PER HEARING FEE

Under this schedule, the client has to make an initial retainers fee payment which covers the drafting and vetting costs, inclusive of the initial clerkage etc. Subsequently the client can decide to pay the professional costs on per hearing basis as and when the case proceeds in the Court.

 

LUMP SUM FEE

The Client can opt for a lump sum fee amount for the complete case. The fee charged in such cases is also governed by the terms of the vakalatnama and is generally for a period of three years. Further details can be discussed prior to the initiation of the work with the main counsel.

HOURLY BILLING RATES

Hourly rates are defined by qualifications, experience of the partner or lawyer working in the file this also depends on complexity, urgency, budget and requirements in the matter. While computing the hourly rate of each partner or lawyer we have also considered the competitive market, efficiency of each lawyer and the discount that could be made available to make the hourly rate reasonable. Each personnel’s hourly rates are specifically defined beforehand to the client. Hourly rate are often used where the scope or type of service to be provided is not routine or evolve over time or will be determined by factors outside the control of the client. When entering into an hourly fee arrangement, the client is encouraged to seek estimates for the work. Litigation budgets often form a part of the communication process.

BLENDED HOURLY RATES

Blended hourly rates are usually based on the average rate of two or more lawyers (non-lawyer including paralegals rates are not blended with lawyers rates) who will work on a file. All time is billed at this blended hourly rate, regardless of which lawyer is doing the work. In our blended billing rates each client has a dedicated partner (the lead partner) who will lead, co-ordinate and will be directly responsible to meet the client requirements effectively. This blended hourly rate for the given file is agreed with client at the time of the firm is being engaged.

FIXED FEE FOR VARIOUS STAGES OF WORK

Fixed fees are fees that client agrees to pay a decided definite amount for a particular work unto certain stage as assigned to law firm, By defining the set fee client are aware of the cost upfront, this method helps client to budget their legal expenses.

Fixed fees are fees that client agrees to pay a decided definite amount for a particular work unto certain stage as assigned to law firm, By defining the set fee client are aware of the cost upfront, this method helps client to budget their legal expenses.
The firm is retained by client for twelve months, the retainer fees is a set fee payable by client for being retained, our firm annual retainer fee is set at USD 1000 and during this period the blended hourly rates as defined will apply at 35 per cent of the applicable rates and this rate will apply unto 150 man hour whether used or unused by client, and on completion of 150 man hour thereafter our standard blended hourly rates will apply.
Our firm considers offering a discounted rate if the firm receive a certain level of work from the client, the level of discount increases as volume of work to the firm gets higher. Discount offer is discussed with the counsel concerned.
Contingency fees are not allowed under the Indian law therefore all disbursements or third party expenses estimated should be paid in advance, while our Professional fees of at least sixty percent should be paid in advance and the balance fee should be discussed with the main counsel concerned.
A formal invoice with details of the fee charged under different heads is provided to the client for every payment received.
A nominal consultation fee of US$ 80 to US$ 100 is charged for personal meetings up-to 30 minutes. During a personal consultation a brief idea and opinion is given on the scope of the case and what all remedies are available to the client for proceeding further. A telephonic consultation is provided free of cost depending upon the availability and convenience of the counsel. A formal legal opinion can also be availed which costs between US $ 500 to US $ 1000 depending upon the number of queries and facts of the case. The fee charged for the case is governed by the terms of the vakalatnama and is generally non-refundable, unless exceptional circumstances prevail.
Accountable advance, as agreed should be deposited with Thukral Law Associates prior to commencement of any work, either by Bankers Cheque in favour of “Thukral Law Associates’ or by irrevocable telegraphic transfer to our bankers at “Kotak Mahindra Bank”, “Axis Bank” unless advised differently from the main office. In case of difficulties, we also accept transfers through Money Transfer services easily available in western countries.

© 2022, Copyright Thukral Law Associates

Search Keywords


I Karan S. Thukral and my Legal Team at Thukral Law Associates have a passion for law, devotion towards our work, and a strong bond between our associates. We continually strive to be the standard for excellence in the legal field while providing you with efficient and cost-effective representation.
We maintain an excellent professional environment that not only helps our team to work with more enthusiasm and precision but also helps them in finding new and creative solutions to complex legal issues. Our knowledge coupled with our team’s dedication has proved to be a great asset, inspiring our clients’ support, loyalty, and satisfaction through the past many years.

DISCLAIMER

This website http://www.karanthukral.com ("Website") is a public resource for general information about Thukral Law Associates. The material on our Web site has been prepared and published for general information only. There is no effort or intention to solicit new clients or new engagements from existing clients by way of this website. The information contained in this website is provided by Thukral Law Associates, as general information which may or may not reflect the most current legal developments. This information is not intended to constitute, and should not be considered, legal reference or legal advice. Thukral Law Associates does not sponsor reliance upon, or accept responsibility for the information Thukral Law Associates provides or for the way in which this information should be used, or any actions taken in consequence of the use of such information. Moreover, Thukral Law Associates doesn't give any guarantees, undertaking or warranties concerning the accuracy, completeness or up-to-date nature of the information provided on this website.
Communication of information by or through this website and your receipt or use of such information is not intended to create an attorney-client relationship with Thukral Law Associates or any of the Firm's attorneys. The creation of the attorney-client relationship would require direct, personal contact between you and our firm through one or more attorneys and would also require an explicit agreement in the form of an "engagement letter" by the firm that confirms that an attorney-client relationship is established and the terms of that relationship. You should not act or rely upon information contained in the website without specifically seeking professional legal advice.
The description anywhere on this website of the results of any specific case or transaction does not mean or suggest that similar results can or could be obtained in any other matter. Each legal matter should be considered on the unique facts of each case.
Thukral Law Associates has endeavored to comply with all applicable legal and ethical requirements in compiling this site. Under no circumstances will Thukral Law Associates undertake any engagement that conflicts with any ethical, statutory or other requirement applicable to the performance of professional legal services.
If you wish to discuss potential legal representation with us, please use the "contact us" link. Although we are pleased to communicate with you, any transmission of an e-mail through this website shall not create an attorney-client relationship.
The materials published on this website are unless otherwise stated the copyright works of Thukral Law Associates. You may make copies of materials published which are of interest to you for your own personal use and you may also provide occasional copies to others for information purposes only provided that you do so free of charge and the copies do not comprise substantial parts of the website. When you do make copies for yourself or others, the content of the published material and the copyright notices must remain intact, your communication of the content must not be misleading or inaccurate and a copy of this notice must accompany any copies of the materials which you provide to others. You may not create a link to any part of our website, without our prior written consent. No other use of the materials published on this website is permitted without the express prior written consent of Thukral Law Associates.

User Acknowledgement

By proceeding further and clicking on the "I Agree" button herein below, I acknowledge that I of my own accord wish to know more about Thukral Law Associates for my own information and use. I further acknowledge that there has been no solicitation, invitation or inducement of any sort whatsoever from Thukral Law Associates or any of its members to create an Attorney-Client relationship through this website. I further acknowledge having read and understood the Disclaimer below.