Phuoc & Partners Vietnam International Law Firm

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+84 (28) 3744 9977
Phuoc & Partners Attorneys At Law

How many methods of calculation of legal service fee is your law firm applying?

We understand thoroughly and share your concern with respect to the amount of legal service fee payable from a limited budget and that is the reason we have adopted a flexible approach to payment: an hourly fee, fixed fee or success fee. Hourly fee (which is the most commonly used method) is usually applied to assigned works where it is difficult or impossible to determine their completion time (e.g., regular legal advice, or dispute settlement); a fixed fee is usually applied to work where we can estimate the completion time (e.g. obtainment of investment licenses, registration of internal labour regulations, trademark registration, obtainment of work permits etc.); and success fee applied for a job where a number of clients, for many reasons, do not have the ability or intention to pay the initial legal service fees (for example, recovery of bad debts)