For generations, the hourly billing business model for law firms has forced plaintiffs involved in commercial litigation to pay attorneys by the hour regardless of the outcome of the litigation. A better business model for plaintiffs seeking to hire counsel to initiate business litigation may involve contingency fees, fixed legal fee pricing or a combination of a diminished hourly rate and a partial contingent fee. According to a recent article in LawyersUSA, law firms that are willing to share with the client the risks of commercial litigation are few and far between.
Our contingency commercial litigation division is composed of lawyers who have been designated among the “Legal Elite” by Virginia Business Magazine and honored in the “Best Lawyers in America” and “Virginia Super Lawyers.”
We are willing to consider contingent fee arrangements or hybrid arrangements involving diminished hourly rates and a partial contingent fee after a review of the evidence, the law, and a thorough understanding of the client’s goals. In many cases, this entrepreneurial sharing of the risks of litigation with the client may be entirely consonant with the client’s own goals and resources.