Wright Commercial Litigation seeks to provide real value. That includes offering to work on a contingency basis—full, part, or hybrid—for certain types of insurance, breach of contract, and DTPA cases, and a variety of others depending on the circumstances. A contingency fee is the norm for personal injury cases but less commonly used in commercial litigation. The firm stands out in that regard, offering to back up its assessments of a case with a full or partial contingency that results in the firm not being paid unless and until there is a successful recovery that benefits both the firm and client. That provides a significant advantage to small or midsize businesses as well as individual owners, partners, investors, shareholders, and others who cannot afford the full hourly rates charged by most firms.
The contingency fees offered by Wright Commercial Litigation are typically set as a fixed percentage of any monetary recovery obtained 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 unique case based on a proprietary approach factoring in the key facts, the adversary, amounts at issue, time likely required and difficulty of prevailing, and the firm’s own evaluation of the merits and likelihood of recovery.
The primary risk for a law firm in any contingency case is not being paid in full (or at all) for 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 some assurances of being able to collect payment if successful. Wright Commercial Litigation is experienced with a wide variety of commercial disputes in McKinney and throughout Collin County, Dallas County, Denton County, and the greater Texas area, and is willing to back up its assessment of a case by offering a contingency fee where appropriate and feasible.
Contact the firm to set up a no-cost evaluation of your case and see if it is one that can be handled on a contingency or at least a hybrid/reduced fee basis.
1 Please note that the firm’s contingency arrangements require a client to still pay court costs, expert charges, and other litigation expenses upfront when incurred and regardless of outcome. In some circumstances, the firm may offer to cover all costs of litigation in return for a higher contingency percentage. The detailed terms of contingency—full, part, hybrid, and responsibility for costs—will be agreed upon between you and the firm before any engagement, as well as documented by a detailed written engagement executed by both sides before any work begins.
Reasonable Hourly Rates with a Value-Based Billing Commitment
Sometimes a contingency fee or other alternative arrangement is 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 overhead other law firms still 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 are 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 expected by Wright Commercial Litigation to pay for anything that the firm itself cannot translate into directly measurable progress on your matter.
Yet, value is subjective. Like “beauty” it may exist only in the eye of a beholder.
As a result, Wright Commercial Litigation’s dedication to 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 standard forms of legal billing—fixed fee, hourly fee, and/or contingency—and can include arrangements 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 but also a guaranteed ceiling not to be exceeded even if necessary to properly 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” whereby the client releases a portion of fees earned only upon certain measures of “success” 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.
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 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 must also listen closely to the client and not hesitate to speak up and tell a client when its legal 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 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 a business is uniquely qualified to provide the client, not time spent answering customer questions. Why should your law firm be different? … Tradition? … So it can achieve higher profits?
Wright Commercial Litigation does not seek to be a traditional law firm. The mission is to be as efficient and targeted as possible in order to help clients solve their legal problems in a way that saves them money. Compensation for a firm should come first in the satisfaction of a job well done for an appreciative client, whether that is a large corporation, small business owner, or individual client. Profit then will naturally follow the path carved out by superior customer service.
Contact the firm today to schedule an appointment to discuss your matter.