Agmt01 Cox Castle & Nicholson - Laserfiche WebLink

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David E. Schricker June 8, 2000 Page 2 2. Fees And Hourly Rates. Our practice is to charge for our services based primarily on the amount of time devoted to a matter (billed in quarter hour increments) at hourly rates for the particular professionals involved. My hourly rate is $295 per hour. Hourly rates for our associates range from $140 to $270 and paralegal rates are $155 to $185 per hour. As we have discussed, our billings on this matter will not exceed Twenty-five Thousand Dollars ($25,000) without the City's prior authorization. We review our rates from time to time and notify clients of any changes other than seniority based adjustments to associate rates, which are customarily made in the fall. Any new rates would be implemented immediately after they are adopted and would apply to services rendered after the effective date of the new rates. 3. Additional Client Services And Outside Expenditures. CC&N may provide additional services in connection with the legal services we render. These additional client services include in-house photocopying, computerized research, facsimile services, long distance telephone, postage, staff overtime, word processing and field expenses such as mileage, meals, parking and, particularly in connection with the taking of depositions, lodging. Our practice is to bill these services to clients at our usual and customary rates. A summary of our charges for these services is available upon request. The legal services we provide the City may also involve additional expenditures outside of CC&N that we may ask the City either to pay directly or to reimburse CC&N if we advance those expenditures on the City's behalf. In the normal course of our work, we will bill for smaller items, such as filing fees, photocopying by outside copying services, recording fees, messenger services, service of process and court fees. When there are substantial expenditures involving outside vendors (such as depositions, expert witnesses or exhibit preparation), or substantial out-of-pocket expenditures such as extended field expenses, large outside copying jobs or jury fees, our practice is to request that clients provide a retainer for such expenditures, or that clients directly contract with the vendor. 4. Monthly Statements And Payment Terms. CC&N invoices on a monthly basis for legal and additional client services rendered during the previous month and for outside expenditures advanced on our clients' account. The detail in the monthly statement will inform the City of both the nature and progress of our work, and of the fees and expenditures being incurred. By executing this agreement, the City agrees and acknowledges that all statements are due and payable upon receipt but, in any event, no later than 60 days thereafter. CC&N reserves the right to charge, at the rate of ten percent per annum, a monthly late payment fee computed from 61 days after the issuance date until paid. CC&N reserves the right to withdraw from the representation described in this agreement and to immediately cease performing services if CC&N does not receive payment of any amounts owed to us within 60 days of our statement.