Are there any special rules concerning attorney fees in securities arbitration?
Yes, there are special rules concerning attorney fees in securities arbitration in Georgia. In general, attorneys are not allowed to charge a contingency fee for securities arbitration. This means that attorneys are not allowed to take a percentage of the award as their payment, as they are in other types of cases. Instead, attorneys will charge an hourly fee for their services. This fee is usually agreed upon in advance and paid by the client. Clients also have the option of engaging in court-appointed or pro bono representation as an alternative to paying an hourly fee. In Georgia, an attorney who has been court-appointed to represent a client in securities arbitration can charge fees of up to $200 per hour, as long as these fees are approved by the court. Clients can also engage in pro bono (free) representation. This option is available to those who are unable to afford an attorney, and the attorney will be appointed by the court. Securities arbitration is a complex process, and attorney fees should be carefully considered before engaging in the process. Attorneys should be thoroughly researched before agreeing to represent a client, and an agreement should be reached regarding fee structures before any work is done. The rules and regulations regarding attorney fees in securities arbitration can vary from state to state, so it is important to be aware of the applicable laws in Georgia before engaging in the process.
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