Don’t Be Cheap With Your Divorce Attorney
Monday, June 1st, 2009If you are frugal about hiring a divorce attorney, then you could pay for your cheapness later. Whilst it might seem sensible to get attorney ‘A’ who is half the price of lawyer ‘B’ on an hourly basis, you’ve really should be asking yourself why there is such a price differential.
Experience
Sometimes – okay, a lot of the time – an attorney will be charged out based on his or her experience level. Yes, there are some very, very good attorneys who are simply inexperienced. They may just charge less for another, innocent reason. The majority of the time, though, you will probably get what you pay for.
In the divorce game, experience can play a huge role, especially if there is complex negotiations to carry out.
Work Ethic
Attorney A – he’s half the price of attorney B – might take on twice the number of clients to make sure he’s billing as much per month as his more expensive colleague. Fine, but will he have time for you and your case? Or will you be another cheap trick? Another ‘lesson’ on the way to being a ‘real attorney’?
This is not to say that the more expensive lawyer will be harder working or more diligent on your behalf, but the sensible money would be on her being just that. Again, you likely get what you pay for.
Return On Investment
It might be strange to think of a return on investment when we are dealing with an emotive subject like divorce, but that’s exactly what you should be thinking about. If you invest $5,000 in attorney ‘A’ and he comes back with a settlement of $20,000 then you’ve got back four times what you paid, or $15,000 more than your outlay. Not bad! Good job attorney A!
If, on the other hand, you pay $20,000 to attorney B and she comes back with a monster settlement of $100,000? That’s five times what you paid, and $80,000 more than your initial outlay. Wow.
Obviously attorney B is the better deal. These figures are a little way out, and there are probably very few situations where you will get such a big differential, but they serve to illustrate the point.
Difficult
Now if only you knew these figures before you chose the attorney that was going to represent you. Everything would be just fine and dandy. You can’t, though, and it’s never going to be that easy.
Choosing a divorce attorney is never going to be easy, but just don’t be tempted to go for the cheapest option just because the bill looks like it will be smaller. By all means assess this attorney on his merits, but don’t be swayed too much by those $$ signs.