Posted: Wed May 19, 2010 2:51 am Author: Phoebe010 Location: Spain Hello Patrick
ty, for your reply.
I've taken a shot at that, but i havent found nothing of specific (like a price list). i've only got a sense of this: usually the hourly tariff goes from 400$ to 650$ ... but i dont remember where i red that rates...
i think that should be useful to elaborate a standard price list with min and max rates of all steps of CF process... or to write criterions to calculate them...
Posted: Sat May 22, 2010 10:04 am Author: seanmcl Location: Pittsburgh, PA/Chantilly VA I think that it is fair to say that in this economy, pricing is very flexible. In addition, like attorney's fees, the hourly rate can differ from market to market. I know that being located in Pittsburgh, where the cost of living is low, our clients come mostly from larger markets (New York, Chicago, Boston, DC,, etc.), because our rates are more competitive.
In reality, hourly rate is frequently less important to the client than the overall cost of the projcet. Insofar as our firm is concerned, we try to use our past experience to provide our clients with an estimate of the total cost of what the tasks we may be asked to do will be (including the potential costs of not doing what we recommend, which helps to prevent sticker shock). The hourly rate simply becomes a convenient means of allocating costs (this doesn't go for testimony which is a fixed rate).
At least in my experience in the private sector, many clients have in mind what they are willing to spend for an investigation (at least as plaintiffs, since the defense rarely has a choice with respect to costs). The issue becomes one of how important it is to our firm to have that client's business since our clients are our principal source of referrals.
As for the range that you quoted, in US dollars, I am certain that you can get top notch talent for far less than that. In fact, according to the rates posted on Tony's web site, you could get his firm for half of that $400 you mentioned.
Price doesn't necessarily reflect value, in my experience. As an example, we were involved in a case where our entire bill for the services rendered, up until the trial), was 1/3 that of the cost of the opposing side's expert.
The opposing side's expert testimony and report was thrown out on a Daubert challenge and our client prevailed.All times are GMT - 6 Hours Page 1 of 2 Go to page 1, 2Next:| |: http://www.forensicfocus.com/