What is the amount of attorney fees in a settlement proceeding?
December 27, 2022 | 60,00 EUR | answered by Ralf Schröter
Dear Attorney specializing in fee law,
I am reaching out to you because I am currently involved in a settlement process and unsure about the amount of legal fees that will be incurred in this case.
Background information: I am in a legal dispute with a company regarding a financial claim. After intensive negotiations, we have agreed to settle in order to avoid a lengthy and costly court process. Now I am wondering about the costs that I will be facing.
Current situation: The settlement has not been finalized yet, as there are still some details to be clarified. My attorney has informed me that he will bill the fees according to the Lawyers' Remuneration Act (RVG), however, I am uncertain about the final amount of the fees.
Concerns: I am concerned that the legal fees for the settlement process could be very high and would like to receive a rough estimate in advance to adjust my financial planning accordingly.
Question: Could you please explain to me how the amount of legal fees in a settlement process is calculated according to the RVG and give me an idea of the costs I might expect? Are there any ways to reduce or negotiate the fees? I would greatly appreciate your help and support in this matter.
Thank you in advance.
Sincerely,
Robert Kock
Dear Mr. Kock,
Thank you for your inquiry regarding attorney fees in a settlement procedure. I understand that it is important for you to receive a rough estimate of the costs in advance in order to adjust your financial planning accordingly. I am happy to explain to you how attorney fees are calculated according to the Lawyers' Remuneration Act (RVG) in a settlement procedure.
In the case of a settlement procedure, attorney fees under the RVG are usually calculated based on the value of the settlement. The value of the settlement is the financial value of the matter in dispute or the subject of the settlement. The exact amount of attorney fees depends on a specific fee rate set out in the RVG.
There are various fee categories in the RVG for calculating attorney fees in a settlement procedure, which are applied depending on the nature and scope of the settlement. Typically, basic fees, procedural fees, and appointment fees are taken into account. These fees can vary depending on the complexity of the matter.
To give you a rough estimate of the costs, it would be important to know the amount involved in your settlement procedure and how complex the negotiations were. Generally, attorney fees in a settlement procedure may be lower than in a lengthy court process.
It is also possible to reduce or negotiate attorney fees. Sometimes it is possible to reach a flat fee agreement with the attorney or to negotiate a fee agreement. It is advisable to discuss this with your attorney before starting the process.
In conclusion, I recommend discussing the exact amount of attorney fees in your specific case with your attorney. Your attorney can provide you with a detailed breakdown of the estimated costs and possibly suggest ways to save on expenses.
I hope this information has been helpful to you. Please feel free to contact me if you have any further questions.
Best regards,
Ralf Schröter
Attorney specializing in fee law
