Expert Attorney Explains How Mediation Fees Are Calculated
Video Transcript
Mediation fees are usually calculated by the mediator’s hourly or daily rate, often split equally between the parties unless you agree otherwise. Total cost depends on the mediator’s experience, your location, the number of sessions, and any administrative or filing fees. This article explains common pricing models, typical fee ranges, how costs are allocated, and what to ask for in a mediation fee agreement.
Ray Hrdlicka – Host – Attorneys.Media
You’ve mentioned a couple of costs of that. Is it just based upon hours and that’s how it, it’s not based upon any sliding scale with the assets, it’s just based upon your hourly rate, is that correct?
Bill Leininger – Divorce Mediation Attorney – Richmond County, NY
It’s unethical in all 50 states in America for a divorce attorney to have a percentage basis based upon the assets. We would all have loved that if that was permissible. We’d have million-dollar mansions but it’s unethical and so, no, that’s never affected.
It’s basically the time of the mediator, the price that the real estate appraiser charges, the price that the pension actuary charges for the report of the cop’s pension, for example. It’s just that there’s no percentage of the asset.