We use hourly rates if the content and extent of a legal issue cannot be easily specified in advance. With the exception of some types of projects, we standardly apply these rates when there are expected extensive negotiations with the counterparty. We also rely on hourly rates in challenging dispute agenda.
Hourly rates reflect net time efficiently spent on provision of legal services and categorization of particular lawyers (legal assistants).
Alternatively, the hourly rates can be set as flat hourly rates (regardless of the seniority of a lawyer).
If this kind of remuneration is applied, the client standardly receives a detailed time specification of executed acts with accuracy of 0.1 point of an hour (6 minutes); pertaining contents of acts and numbers of hours are continuously monitored and are not subjected to a rounding in any phase of invoicing.