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What is the usual procedure to compensate an attorney for legal fees?

I am considering hiring an attorney to handle my EB-5 case and I was asked to wire transfer the legal fees into a trust account. Is this normal?

Answers

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    Yes, it is normal to transfer legal fees into a trust account.

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    Shahzad Q Qadri

    RC Creator
    Answered on

    Yes, if you are out of the country or the State attorneys will often ask that money be wired, and that is standard practice.

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    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    Yes; make sure you have a written engagement agreement with the attorney and check the EB-5 experience of the attorney. Read the agreement carefully and make sure you understand all of the terms.

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    Ed Beshara

    Immigration Attorney
    Answered on

    Before you retain a U.S. immigration attorney to handle your EB-5 matters, it is essential to first consult with the immigration attorney to determine their EB-5 experience and expertise. To answer your question, we first must determine whether you want to invest your personal funds in your own direct EB-5 business or whether you want to invest your personal funds in an EB-5 Regional Center project. Once a determination is made as to which EB-5 process you would want to pursue then the immigration attorney can give you a proposal for set attorneys fees to represent you and achieve hopefully your EB-5 goals.

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    Ali Brodie

    Immigration Attorney
    Answered on

    Yes, this is normal. In the most basic format, attorneys maintain a client trust account and an operating account. Client funds are deposited into the client trust account, and moved to an operating account as they are earned/worked.

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    Martin J Lawler

    Immigration Attorney
    Answered on

    Some attorneys use trust accounts, others do not.

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    Vaughan de Kirby

    Immigration Attorney
    Answered on

    There is no required model; in the case of our firm we charge 50% in the beginning and 50% upon approval. If the I-526 is denied we return all fees.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    It sounds normal to me. Depending on the law firm and the particular situation, payment can be by cash, money order, or even online.

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    Edward Litwin

    Immigration Attorney
    Answered on

    Yes, the use of a trust account arrangement is normal. Then the attorney takes the money out to be applied to his/her fees as accrued. Just be sure that yo have a reputable attorney.

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