Wright Commercial Litigation seeks to provide real value. That includes regularly offering to work on a contingency basis—in full or part—for property insurance, breach of contract, larger DTPA cases, and a variety of others depending on the circumstances. A contingency fee is the norm for personal injury attorneys but less commonly used in commercial litigation. The firm stands out in that regard, offering not to be paid unless and until there is a successful recovery in many types of cases. That provides a significant advantage to small or midsize businesses as well as individual owners, partners, investors, shareholders, and consumers who cannot afford the hourly rates charged by large firms.
The contingency fee offered by Wright Commercial Litigation is typically set as a fixed percentage of any monetary recovery achieved after the firm becomes involved, which may be phased to start lower and increase depending on whether a resolution is achieved by settlement before suit or additional work becomes necessary through filing, prosecution, and ultimately the trial of a claim. Wright Commercial Litigation’s contingency percentages are calculated for each case based on a proprietary approach factoring in the client, key facts, the adversary, amounts at issue, difficulty of prevailing, time likely required to resolve, and the firm’s own evaluation of the merits and likelihood of recovery.
The primary risk for a law firm in any contingency matter is not being paid at all after making a substantial investment of time and/or money. That requires due diligence on the front end to make sure a claim not only has validity but that there is a reasonable assurance of collecting payment if successful. Wright Commercial Litigation is experienced with a wide variety of commercial transaction disputes throughout Dallas County, Collin County, and the greater Texas area, and backs up its assessments by regularly offering to take appropriate matters on contingency.
Contact the firm to set up a no-cost evaluation and see if your case is one that can be handled on a contingency basis.
1 Please note that a partial contingency arrangement requires the client to still pay court costs, expert charges, and other litigation expenses upfront when incurred and regardless of the outcome. In other circumstances, the firm may offer to cover all costs of litigation in return for a higher contingency percentage. The type of contingency—in full or part—will be discussed and agreed upon between you and the firm before any engagement, as well as documented in detail by a written agreement executed by both sides before work begins.
Reasonable Hourly Rates with a Value-Based Billing Commitment
Other times a contingency fee or alternative arrangement is simply not feasible (for a variety of reasons). In that instance, the firm can usually still offer to work on a traditional hourly basis at a rate that is very reasonable in comparison to others, which is made possible by intelligently leveraging modern technology and support solutions to minimize the expensive overhead other law firms treat as essential.
In addition, however, Wright Commercial Litigation subscribes to a philosophy that no client should be charged by the hour for anything that does not add true value to their matter. That means, first and foremost, billing only for work legitimately required to apply some legal skill, knowledge, or experience that advances the ball on a client’s case or project. Certainly there may be tasks from time to time requiring a significant investment of hours to make sure they are done right and to fully protect a client’s rights and options, but you will never be charged by Wright Commercial Litigation for anything the firm itself cannot translate into directly measurable progress on your matter.
Value is subjective though. Like “beauty,” it may exist only in the eye of a beholder.
As a result, Wright Commercial Litigation’s dedication to delivering value means that, if you get charged on an hourly basis for something you do not agree was worth the effort, then there is no obligation to pay for that task. No questions asked. That is the firm’s “value-based” commitment for matters billed by the hour.
Hybrid Fees and Other Alternative Arrangements for Commercial Contingency
A hybrid fee is simply any combination of the other more standard forms of legal billing—fixed fee, hourly fee, and/or contingency fee—and can include rather common arrangements seen these days, such as placing a “cap” on a normal hourly rate (which gives a client the benefit of paying only for time incurred if coming under the cap along with a guaranteed ceiling not to be exceeded even if necessary to go beyond to complete a project), as well as mixing an hourly fee at a reduced rate with a smaller than usual contingency percentage.
Less common types of hybrid fees may include a “holdback” arrangement whereby the client releases a portion of fees earned only upon certain measures of “success” being attained, or even a true retainer where a client pays a larger one-time, monthly, or annual fee to secure the services of an attorney whenever needed for any type of matter.
Whatever form it takes, a hybrid fee can make skilled legal services available to a wider variety of clients and cases. Wright Commercial Litigation will consider any type of arrangement that a creative client would like to propose or try out. The firm seeks to be innovative in all things. All you need to do is ask.
No Charges for General Consultation. Ever.
A law firm focused on delivering value needs also to listen closely to the client and not hesitate to speak up when the firm’s services are not needed. That, in turn, requires open and honest communication at all times. Billing every six minutes in the process can only be a hindrance to that goal.
That is part of the reason why general consultations with Wright Commercial Litigation are always free … before, during, or after an engagement.
No client should ever be deterred by cost from simply asking a question, providing information, or getting an update on their matter. Miscommunication is the root cause of most error and dissatisfaction. Virtually every other industry on the planet charges customers only for the core product or service the business is uniquely qualified to provide, not time spent answering customer questions. Why should your law firm be any different? … Tradition? … More profit?
Wright Commercial Litigation does not seek to be a traditional law firm. Its mission is to be as efficient and targeted as possible in order to help clients solve legal problems in a way that saves the most money. Compensation for the firm comes first in the satisfaction of a job well done for an appreciative client, whether that is a large corporation, small business owner, consumer, or individual pro bono client. Profit naturally follows the path carved out by good customer service.
Contact the firm today to schedule an appointment to discuss your matter.