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The ?Lodestar? Method. ?The basic measure of reasonable attorney's fees is a 'fair market rate for the time reasonably spent preparing and litigating a case. ' ? Stowe II, 417 Mass. at 203, quoting Fontaine v.
In the legal realm, the "lodestar method" refers to a method of computing attorney's fees whereby a trial court must multiply the number of hours reasonably spent by trial counsel by a reasonable hourly rate.
Hourly rates in Massachusetts Lawyers in Massachusetts typically charge between $86 and $489 per hour, with the average being $285. For comparison, District of Columbia has the highest average hourly rate at $392 while West Virginia has the lowest average hourly rate at $162.
What Are the Legal Requirements of a Financial POA in Massachusetts? Mental Capacity for Creating a POA. ... Notarization Requirement. ... Create the POA Using a Form, Software or an Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact.
The average legal fees for a power of attorney in Massachusetts range from $250 to $500. The difference in cost can depend on the specifics of the document you want created, as well as the legal professional you work with.