Structuring Fees for Cases

  1. 0
    When I was at the conference, some of the other LNC's were discussing charges for cases. Some seem to charge a one time fee, not hourly, for screening a case and then go hourly to review the case. Without giving exact prices, lets say that she would charge $90 total to screen a case but then charge $100 per hour to review a case. What do most LNC's do? I thought it was always hourly.

    Get the hottest topics every week!

    Subscribe to our free Nursing Insights newsletter.

  2. 4 Comments...

  3. 5
    Hi, preop

    I moved your post to a new thread as it is discussing a different topic.

    Some LNCs will structure their fees according to how much an attorney charges per hour (in their area). Then, the LNC charges just under that.

    Other LNCs charge a "flat fee" to review cases. Then, their hourly fee to actually work up a case. (as you pointed out)

    Still others offer a "free" case review up to 2 hours max, for example.

    I have negotiated a compromise with select attorneys in that I will conduct a "no charge" review. If the attorney actually needs me to review records, I bill him/her for that time, my hourly fee. If he/she takes the case, I am contracted for it. For the hours I do bill, I collect a higher hourly fee than I charge my other clients who just ask for a review for merit.
    NREMT-P/RN, lecavalier4, KLKRN, and 2 others like this.
  4. 5
    My work is all testimony. I charge an hourly fee. I make it simple, I charge the same for chart review/report and so on. I do not charge office expenses and most of the time I forget to charge for calls--I always forget to mark down the time. I require a retainer before I will even open the chart. I also have rush fees and cancellation fees for deposition and trial. I also charge travel time up to 8 hours a day. So far all my clients have been happy with my prices and my work. I usually give them some free research time. I broke my retainer rule once this year and got burned so now it is a policy. You should take a look at what the going rate is in your area for LNC's. Then it is between you and the client. I will bill out hours if I know the client is reliable. I will also work with the client. Last year I had a case which I billed out a very large amount of money. The client was having cash flow problems because he had several very expensive cases going. I worked with him on payment. The settled for 7 figures and he told me he put me name out there because he was so happy with the quality of my work. I received payment in full for my work.
    lindarn, NREMT-P/RN, KLKRN, and 2 others like this.
  5. 1
    what is a reasonable charge for traveling? i assume you charge mileage, tolls and gas, but do you charge for time spent in the car? if so, what is a reasonable rate? any help is much appreciated.
    lindarn likes this.
  6. 0
    sirI, I have enjoyed reading your posts. Thank you for providing so much information for nurses like myself who are looking into a career as a LNC. I am interested in finding out about the litigation software. Please PM me with the info too. Thanks

Nursing Jobs in every specialty and state. Visit today and Create Job Alerts, Manage Your Resume, and Apply for Jobs.

A Big Thank You To Our Sponsors