The differences in allocation of costs in a traditional litigated divorce versus a collaborative law case. Many individuals are concerned about fees when hiring a collaborative team versus an attorney for a divorce case. It appears expensive to the public to be retaining up to Six members of a collaborative team (Two attorneys, One financial Specialist, Two Coaches and if applicable a child specialist) versus one attorney and possibly a forensic accountant.
However, one of the most time consuming and expensive portions of a family law case is the discovery which is the process by which documents, and records are exchanged in a legal mater.
In a collaborative case, this procedure is entirely informal as it is assumed that both parties will comply with the principals and guidelines and provide all relevant documents that allows for a swift resolution to their case.
In addition, the use of specialists in law, forensic accounting/financial planning and mental health professionals apportions the tasks to individuals with specific skills in each of their areas of expertise and allocates the costs based on their different hourly billing rates.
The differences in allocation of costs in a traditional litigated divorce versus a collaborative law case.
Many individuals are concerned about fees when hiring a collaborative team versus an attorney for a divorce case.
It appears expensive to the public to be retaining up to Six members of a collaborative team (Two attorneys, One financial Specialist, Two Coaches and if applicable a child specialist) versus one attorney and possibly a forensic accountant.
However, one of the most time consuming and expensive portions of a family law case is the discovery which is the process by which documents, and records are exchanged in a legal mater.
In a collaborative case, this procedure is entirely informal as it is assumed that both parties will comply with the principals and guidelines and provide all relevant documents that allows for a swift resolution to their case.
In addition, the use of specialists in law, forensic accounting/financial planning and mental health professionals apportions the tasks to individuals with specific skills in each of their areas of expertise and allocates the costs based on their different hourly billing rates.
A collaborative case may well cost less in the long run than an acrimonious litigated case not to mention the large emotional toll the parties experience in the latter.
