Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LBD 10-2. Using one of the four Case Studies included in Appendix A as directed by your instructor, and the information outlined below, draft a

image text in transcribed

LBD 10-2. Using one of the four Case Studies included in Appendix A as directed by your instructor, and the information outlined below, draft a fee agreement for the client and a letter to the client (1) trans- mitting the fee agreement; (2) briefly describing the initial investiga- tion your office has agreed to undertake on behalf of the client; and (3) estimating the cost and time for completing that investigation. a. Case Study No. 1 (The Rowdy Outlaw Case): The supervising attorney has agreed that Outlaw will pay a $50,000 retainer up front. Monthly billings will show the charges for time and expenses made against the retainer and the remaining balance. The retainer amount will be replenished at the same level ($50,000) within ten days of the receipt by the client of a monthly statement showing the balance of the original retainer to be below $15,000, or two weeks before trial, whichever occurs first. Hourly rates to be charged are $250 per hour for partner attorneys, $175 per hour for associate attorneys, and $100 per hour for paralegals. LBD 10-2. Using one of the four Case Studies included in Appendix A as directed by your instructor, and the information outlined below, draft a fee agreement for the client and a letter to the client (1) trans- mitting the fee agreement; (2) briefly describing the initial investiga- tion your office has agreed to undertake on behalf of the client; and (3) estimating the cost and time for completing that investigation. a. Case Study No. 1 (The Rowdy Outlaw Case): The supervising attorney has agreed that Outlaw will pay a $50,000 retainer up front. Monthly billings will show the charges for time and expenses made against the retainer and the remaining balance. The retainer amount will be replenished at the same level ($50,000) within ten days of the receipt by the client of a monthly statement showing the balance of the original retainer to be below $15,000, or two weeks before trial, whichever occurs first. Hourly rates to be charged are $250 per hour for partner attorneys, $175 per hour for associate attorneys, and $100 per hour for paralegals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Venture Capital And The Finance Of Innovation

Authors: Andrew Metrick, Ayako Yasuda

3rd Edition

1119490111, 978-1119490111

More Books

Students also viewed these Finance questions

Question

What element has the lightest atoms?

Answered: 1 week ago