Rates and Billing Procedures
Lanham Economics requires a minimum $500 non-refundable and non-transferable retainer before work commences or designation of Susan W. Lanham as your expert witness. This retainer will be applied toward the final invoice.
We bill for services on a project basis at a rate of $250 per hour. Total project costs typically range from $1,750 to $3,500 for an initial economic impairment analysis including:
► standard research
► past and future earnings/earning capacity
► fringe benefit losses
► household service losses and report preparation.
Additional costs would be incurred for life care plan valuations or future medical expense projections.
Depositions and trial appearances are billed at $250 per hour with a two-hour minimum.
Standard updates required when trial dates change or new pertinent information becomes available are billed at a flat rate of $500.
Premiums may be added for rush projects or those required in less than five business days.
Lanham Economics will bill as work is completed with payment due within thirty days of receipt of an invoice. We look solely to the retaining attorney for the payment of professional services rendered.