Tollefsen Law is a Business, Bankruptcy, and Litigation Law Firm in Washington, Oregon, and New York.  
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Tollefsen Law PLLC

Business Law and Litigation


How Can We Help?

  Seattle: (206) 624-5300  -   Everett: (425) 672-3300  -  Portland: (503) 224-4600
Los Angeles: (213) 401-2550 -  San Francisco: (415) 735-3400  -  New York: (212) 964-1960 
 
 

Fee Schedule

 Tollefsen Law has radically altered the standard business model for law firms in order to minimize the cost of legal services.  The normal law firm is built like a pyramid with associates at the bottom required to bill 200 hours or more a month to provide large incomes to partners atop the pyramid. Associates must make partner in 6 years or so or find other work. The standard law firm business model results in higher fees because inexperienced lawyers at the bottom of the pyramid provide most of the revenue for the firm. The standard law firm attempts to impress its clients with its success by renting the most expensive offices and furnishing them lavishly. The clients are asked to believe the best law firms have the most expensive offices.

Tollefsen Law has no minimum billing requirement and attempts to provide maximum service at the lowest reasonable price through use of the latest technology, management efficiencies and lower overhead (see Technology and reasons to hire a smaller firm.) Our lawyers are distinguished experienced professional. Our Team

Virtual In-House Counsel - Reduced Fees

Make Payment

Existing clients with signed fee agreements can make payments here.

Hourly rates

Basing the decision to hire an attorney solely on the hourly rate is unwise. Some attorneys work faster than others. Some have more experience and can obtain the result with less effort. Our fee structure is flexible and there are no minimum billing requirements.  We work on fixed fee, hourly and hybrid fee arrangements. We use legal assistants and paralegals to lower the overall cost. Staff including paralegals and lawyers bill from $75 $180 per hour. Lawyers bill from $150 to $325 per hour depending on experience and expertise. We focus on providing value commensurate with the cost. We do not "churn the bill" like some law firms.

Frank Homsher with client

Low overhead

With legal costs at an all-time high, business as usual is the wrong answer. Law firms need to plan expenditures to minimize cost while obtaining the greatest benefit. They must make maximum use of technology to increase productivity and lower costs. Hourly rates do not measure productivity. Clients cannot be expected to cover the cost of high priced, ever increasing rents in downtown high-rise buildings. Clients can no longer be expected to pay for associates who overbill a file to achieve required minimum billing levels.

Our preferred office location is outside of the city in a lower-cost building. We look for free parking and easy access from a major freeway.  Since federal courts and more state courts require filing on the Internet, there is little reason to be located across from the court house.

Tollefsen Law's low overhead offers several advantages over large law firms: Better response time because you have direct access to the lawyer. Greater personal attention from the lawyer you hired. Your case will not be delegated to an associate without your approval. Every case is assigned a paralegal case manager who is readily available to contact regarding your case. Often lower overall legal expense is achieved through a combination of efficiency resulting from experience and the lack of pressure to obtain a minimum amount of billing per month. Since you are working directly with the responsible attorney and the case manager, there is less chance of billing misunderstandings and greater accountability of the lawyer to the client.   Our firm concentrates on delivering value to clients for every dollar billed.

Free consultations

Prospective new clients often request free initial consultations. If we agreed, we would need a full-time attorney just to take initial consultations. Also, because of the experience level of our attorneys, many clients would receive the answer they are seeking in the initial meeting. This is unfair to our attorneys who have engaged in a lifetime of study of law to make their living. Even if we resolved the case in the initial consultation, we would need to establish a new client file, perform conflict checks, and make records of the facts of the case and the advice given.

Minimum fee for new clients

TL receives frequent requests for a short meeting with an attorney. It is often not cost effective to have a short meeting with a new client that will not have further work for the firm. In order to meet the demand for small case consultations, new clients (those not established in our database) are charged a minimum retainer of $500. The first $175 goes to the file setup fee. It includes a conflict check and setting up the electronic file in our database. The remaining $325 is applied to future invoices. The $500 is earned on receipt so the firm does not have the cost of maintaining trust account records on small client files. After a client is established in our database, future work (whether related to the initial matter or not) does not require a minimum fee or file setup fee.

Contingency fees

We receive many telephone calls and emails from prospective clients each week seeking legal representation on a contingency fee basis. Most callers do not understand the economics of contingent payment. To take a contingency fee case, the law firm is agreeing to forego an hourly fee case. Therefore the contingency fee case must offer the possibility of compensation in excess of the normal hourly rate, unless there are other compelling circumstances. Cases typically take one to four years to resolve. The cost to the law firm taking the case is often over $100,000. Before investing a significant sum in a contingency fee case, the law firm  needs to be assured the defendants have the unquestioned ability to pay any judgment. Most of the time, the perpetrators of financial fraud schemes either do not have assets or have hidden them. Unless there is another "deep pocket" with potential liability, there is no real remedy for the wrong. TL accepts a limited number of contingency fee cases. For various reasons, we turn down over 90% of contingency fee requests.

Contingency fees are negotiable but are usually approximately 33.33% if the client pays the costs in advance. Contingency fees require large amounts of damages (in excess of $200,000) and solvent defendants. Some cases start as hourly but become hybrid (part-contingency or fixed fee) after the facts of the case are more certain through the discovery process.

Generally we consider all the following factors when deciding whether to take a contingency fee case. If the answer is "yes" to any of the following questions, TL will probably not take your case on a contingency fee basis unless there is a public interest or unusually compelling factor.

  • Is there a risk that the defendant(s) will not pay a judgment?

  • Are the damages likely to be less than $200,000?

  • Has the statute of limitations expired?

  • Is it a type of case that TL does not normally handle?

Meetings in client office or home

Client location is usually not a significant factor any longer. Many courts allow filing of court documents electronically. The initial meeting, depositions, mediation, and trial are often the only time attorney and client meet face to face. Tollefsen Law frequently meets clients in their offices or homes to make the representation as convenient as possible for the client.

Fixed fee and special fee Arrangements

TL will consider a creative fee agreement that can meet your needs. Often businesses find themselves in need of significant legal services that are not part of their annual budget. Whether it is the cost of business organization, financing (including private placements), or litigation, TL has plans for almost any business need. From monthly payment plans, retainer agreements, fixed fees, contingency and hybrid arrangements, TL will do its best to find a way to provide the legal services you need.

Bankruptcy Fixed Fees

Tax Fixed Fees

Retainer Agreements

Retainer agreements can be customized to meet your needs. If you have a need for a lawyer from time to time, it is helpful to have one who knows you and your situation. It is often difficult to educate a lawyer quickly in an emergency. The retainer agreement can be flexible and combine fixed fees and hourly fees.

The least expensive retainer available from Tollefsen Law PLLC is billed at $1,000 per year. The retainer fee is paid in advance and placed in the firm's client trust account. If you use legal services during the year, those fees are deducted from your trust account. In addition, you will be scheduled for a one hour appointment with a lawyer each year to relate what happened in your life the previous year. This meeting allows you to keep your attorney apprised of your situation and spot issues you may have overlooked. You will be charged for this meeting at the lawyer's then standard hourly rate (whether or not you attend the meeting). At the end of the retainer year, you will be automatically billed the amount needed to replenish the retainer. If you do not pay the invoice within 30 days, the balance of your trust account will be mailed to you and Tollefsen Law PLLC will no longer be your law firm.

We want to be of service. If you have any ideas for improving our fee arrangements, please let us know.


Tollefsen Law Fees



BUSINESS LAW

Capital Raising

Corporations

Limited Liability

Partnerships

Taxation

Transactions

Trusts


LITIGATION

Commercial

Environmental

FCA (Qui Tam)

Intellectual Property

Securities Fraud

SOX

Whistleblowers


BANKRUPTCY

Filings

Litigation


ARBITRATION

Commercial

International

Mediation


FRAUD

Investigation

Litigation


REAL ESTATE

Transactions

Litigation


BUSINESS TORTS

Deceit

Fraud

Fiduciary Duty

Interference

Negligence

Nuisance


ADMINISTRATIVE

DFI

Licenses

SEC


INTERNATIONAL

Arbitration

EB-5 Immigration

Litigation

Transactions


EXPERT WITNESS

MEDIATION

 
     
 

Association of Certified Fraud Examiners

About Certified Fraud Examiners

Entrusting your case to a CFE is the sensible decision in financial fraud cases. More...

Tollefsen Law Mission Statement

Our Mission Statement

.. to provide the highest quality legal service at an affordable price with integrity.. More ...

Cases of Public Interest

Cases of Public Interest

Some of Tollefsen Law clients have had case followed by the press. More...

 
     
 
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