Below is a list of the available payment options we provide for our clients. To read more about a specific payment option, simply click on the word "show". If you have any questions about payment options, please call us directly on 1300 799 888.
Hourly Charge
This is the traditional method by which law firms in Australia charge clients for work done on their file. The lawyer simply records all time that they spend working for a client and at conclusion or at agreed stages the client is invoiced. The invoice represents the sum of all time spent on that file. If your lawyer only spends 15 minutes working on your file, don’t worry, you will only be charged for 15 minutes worth of time and not the full hour.
With hourly charge you will be invoiced monthly for work done in the previous month and payment will be made from funds already in trust.
The big benefit of charging like this is that you are only invoiced for work actually done on your file.
Fixed Fee
There are certain areas of law in which we offer fixed fee arrangements, these include;
- Conveyancing
- Drink driving matters
- Review of mass employment contracts
- Will preparation
- Powers of Attorney
- Large volume repetitive legal work we are prepared to negotiate a fixed rate on per task
Clients like this sort of charging as it gives them certainty and they can prepare in advance for what their legal fees will be.
Agreed Periodical Payments
This is an option for clients who cannot afford a lump sum payment initially but can afford to pay periodically.
The way this option works is that you and your lawyer agree an amount for legal costs at which time you enter into a direct debit arrangement to deduct an agreed amount from your account at agreed intervals up to an agreed limit.
For Example
You and your lawyer agree that your legal matter will cost $3,000 but that you cannot afford to pay this all at once. You can however afford to pay $300 a week. You would then enter a direct debit arrangement in which you authorise $300 to be direct debited from your account weekly until you reach the agreed $3,000. Once the limit is reached no more money will be debited from your account.
The benefit of this type of arrangement is that you get great legal advice immediately while being comfortable in the knowledge that you have pre-budgeted for the cost.
Estate Matters and Legal Fees
In some cases LAC Lawyers is prepared to enter into a “conditional cost agreement” with clients when they are involved in a will or estate dispute.
What this actually means is that LAC Lawyers is prepared to delay our legal fees pending the successful resolution of your estate matter.
The benefit of this is that you get to pursue a claim on an estate where you may not be able to pay for it until you receive your entitlement from the disputed estate.
Please contact LAC Lawyers so we may discuss this further with you.
Family Law Legal Funding
There are several specialist legal funders in the Australian marketplace willing to loan money to individuals to cover the costs of legal fees where there is a property settlement involved. Essentially what happens is the funder will advance you money using the likely settlement in the family law proceedings as security against the loaned amount.
Contact LAC Lawyers for more information on this type of funding.
Litigation Funding
Litigation funding is a form of lending where individuals/companies/entities are advanced money to pursue a legal claim in which there is likely to be a favourable monetary settlement. The money that is advanced is used to pay legal fees and disbursements so that your lawyer may continue to act for you during the life of the claim and during court proceedings. Once the legal claim is settled the funder will usually take an agreed amount from the settlement which is agreed to before any funding agreement is entered into.
Contact LAC Lawyers to discuss whether your claim may be suitable for litigation funding.
List of Legal and Litigation Funders
LAC Lawyers does not endorse any of the above funders or recommend them above any other type of commercially available funding. Other type of funding that you may wish to entertain may include; overdraft facilities, bank loans, and credit cards to name a few. We encourage you to investigate all types of funding available to you.
LAC Lawyers provides the information above so that potential clients can make a well informed decision when it comes to funding a legal claim.
LAC Lawyers does not receive any commission from any funder.
