Current through October 31, 2024
Section 719.41 - How does the Department determine whether fees are reasonable?In determining whether fees or rates charged by retained legal counsel are reasonable, the Department may consider among other things:
(a) Whether the lowest reasonably achievable fees or rates (including any currently available or negotiable discounts) were obtained from retained legal counsel;(b) Whether lower rates from other firms providing comparable services, at appropriate competency and experience levels, were available;(c) Whether alternative rate structures such as flat, contingent, and other innovative proposals, were considered; and(d) The complexity of the legal matter and the expertise of the law firm in this area.