3 ms·
It's not financially viable for an attorney. Lawyers charge by the hour; how much time does an arbitration take? For a case like this: -listen to your story :
by pseingatl 4y ago
It's not financially viable for an attorney. Lawyers charge by the hour; how much time does an arbitration take? For a case like this:
-listen to your story : 1 hr.\\
-read your documents .5 \\
-follow up questions .25 \\
-draft request for arbitration .5 \\
-review rules .5 \\
-respond to correspondence, select arbitrator 1.
-respond to answer from Defendant .5 \\
-schedule arbitration .25 \\
-hearing 2. \\
-request payment .5
total: 5.5
This is an extremely conservative estimate. At $100/hr, that's $550. Good luck finding a lawyer who will charge $100/per and it's much more likely that time estimate is off. Double it, plus... So your legal costs at a minimum are going to hit $1000. On a $2000 claim.
and if payment isn't made, there's a whole 'nuther round...
These cases just aren't economical for lawyers, unless you specialize in them and do nothing but crank them out.
- escape_goat 4y agoFurther up the thread there's an attorney who does arbitration all the time, but just in case he doesn't respond to you I will point out that professional specialization is exactly how everything works.
- akhosravian 4y agothathndude says they are an attorney above, and pointed out some states have laws that allow for attorney’s fees on top of the actual claim. They also said they do the work on a contingency basis. If that is common practice one is out only their time if speaking to an attorney.
- pseingatl 4y agoContingency? Perish the thought. Now your attorney is your banker and your partner, entitled to his cut. No, no, no.