I have adopted an income-based approach to legal fees I charge new clients. Every client is assessed at the first meeting to determine how much of a discount they will receive, and every client who has a household income less than $100,000 will receive a discount, some up to 40% off of my standard hourly rate.
This is my attempt to align hourly rates with what people can actually afford to pay, and even extends to the retainer, which is calculated based upon ten hours at the discounted hourly rate.
A brief bit about me...
I am the first person in my family to attend college and went into the Army right out of high school to see the world and figure out some way to pay for college. I was an intelligence analyst and viewed as one of the best in the world at my particular area. At age 22, I was delivering high level presentations to military leaders in Korea regarding the intelligence planning for major military exercises.
I left the military to attend college. I attended Seattle University where I majored in Finance and International Business. As I contemplated which path to take for grad school, I chose law school, viewing law school as a unique skill set that would benefit me in the corporate world.
During my second year of law school, I was hired by a large Canadian corporation that had purchased a business in Seattle and wanted someone to develop a strategic growth plan for the business unit. This led to a permanent job offer and a relocation to Toronto following graduation.
I left the company in 2002 and started my own practice in Tacoma. From the beginning, I have been committed to providing value to my clients through hard work, reasonable rates and desired results.
Today, my practice is focused on the following areas:
Trusts and Estate
WIlls and Probate
Languages spoken: English, Korean
Hourly ($150-250/hour), Fixed (sometimes)
Cash, Check, Credit card
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|Award name||Grantor||Date granted|
|Rising Star Award||Super Lawyer's Magazine||2013|
|Pro Bono Attorney of the Year||Volunteer Legal Services/Tacoma Pierce County Bar Association||2011|
|Silver Medal Award||Institute of Management Accountants||2011|
|Bronze Medal Award||Institute of Management Accountants||2011|
|Pewter Medal Award||Institute of Management Accountants||2011|
|Pro Bono Attorney of the Month||Volunteer Legal Services, Tacoma Pierce County Bar Association||2005|
|Managing Attorney||Law Offices of F. Richard Ricketts, PLLC||2003 - Present|
|Director of Corporate Development||Wajax Limited||1997 - 2002|
|Association name||Position name||Duration|
|Washington Society of CPAs||Business Valuation/Litigation Support Committee Member||2008 - 2011|
|American Institute of Certified Public Accountants||Member||2008 - 2011|
|Institute of Management Accountants||Committee Member--Small Business Committee||2007 - 2011|
|Volunteer Legal Services Steering Committee||Committee Member||2004 - 2006|
|Washington State Bar Association||Member||2003 - Present|
|Tacoma Pierce County Bar Association||Member||2003 - Present|
|American Bar Association||Member||2003 - Present|
|Basic Training for Family Law Attorneys||Basic Training for Family Law Attorneys||2005|
|Keller Graduate School of Management||Finance and Accounting||Master of Accounting and Financial Management||2009|
|Seattle University School of Law||Corporate Finance||JD - Juris Doctor||1998|
|2008 Institute of Management Accountants Annual Conference||Internal Controls for Small Businesses||2008|
|Sarbanes Oxley CLE||Sarbanes Oxley Requirements for Small Publicly Held Businesses||2007|