To ask about solicitors?

[notsweatybetty]

Divorce lawyers, charge an hourly rate plus 1% of any settlement- is this standard??

I have never seen anyone advertise or talk about 1% of settlement! That just feels utterly wrong. Payment for hours of time, possibly packaged as a single price.
It takes no more legal time or knowledge to argue 60% of £300K than 60% of £400K.

Absolutely not standard.

Do not agree to this. It marks them out as weirdos.

Hourly rate only is the norm. Occasionally fixed fee instead.

Hourly rate or fixed fee (eg £x +VAT for one hour meeting plus advice in writing) No one I know charges a % of settlement 🤠

I thought it seemed a bit ridiculous, thanks!

I'm going against the grain, but why don't other papers posters like it? Incentivising the firm by giving them a small stake in the financial settlement seems like a good idea for me. I'd expect the hourly rate to be slightly lower than their competitors to balance that.

Because you should have to “incentivise” someone in a professional service to do their bloody job properly!

Definitely not usual. Difficult to see how it works! Pension sometimes the biggest asset and non-liquid so you'd have to pay cash commission for 1% of that too? And what if there's maintenance?
I'm a divorce solicitor and have never come across this in 20+ years.

The legal profession has already accepted that financial incentivisation is not a problem - see conditional-fee arrangements.