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[Lawyers Fees III]
[Lawyer Fees IV]
[Lawyer Fees V]
[Lawyer Fees VI]
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TRANSLATION: Rate of Minimum
Professional Fees for Lawyers in the Republic of Panama
Part III - Consultations & Opinions; Sanitary Law; Labour Law
Contents:
I.
preliminary provisions
administrative matters:
Immigration |
ministry of commerce |
securities
commission |
maritime authority
|
judicial review |
other
II.
regulatory ombudsman |
consumer affairs
electoral tribunal:
administrative |
electoral jurisdiction
III.
consultations and opinions:
preparation of resolutions |
preparation of legal documents |
title searches
sanitary law | labour
law
IV.
commercial law:
commercial litigation |
banking superintendence |
insurance superintendence
ministry of economy and finance |
ministry of housing |
other
matters
V.
procedural law (civil and commercial):
summary proceedings |
ordinary proceedings |
ex-parte proceedings |
probate proceedings |
commercial courts |
maritime courts |
special proceedings |
special appeals |
family and children's court |
minors |
division of assets |
special cases of presumption
VI.
criminal procedure:
consultations |
assistance |
preparation of complaints |
defence in criminal proceedings |
complaints and victim protection |
representation before police authorities
| 1. |
Verbal Consultation |
minimum hourly rate |
$50.00 |
| 2. |
Verbal Consultation with review of documents |
hourly |
$150.00 |
| 3. |
Opinion Letter |
hourly |
$150.00 |
| 4. |
Requests for advice electronically |
|
as agreed |
| 1. |
An agreed upon rate taking into account the complexity of
the work, time required and value of the work done |
hourly |
$200.00 |
| 2. |
Drafting of documents which have sale & purchase
agreements, exchanges, leasing, assignment of debts or rights of action,
option agreements, settlement agreements, guaranteed or non-guaranteed
loans, liens, trusts, limited rights in rem, prenuptial agreements,
non-judicial settlement agreements, contracts for projects and similar
nature matters, supplementary agreements, and in general, all documents,
contracts, transactions and acts related to the delivery, promise, receipt,
payment or declaration of a sum of money, cash, or equivalent assets, shall
result in professional fees due according to the value of the respective
operation, in accordance with the following rates, in a progressive fashion: |
|
|
| |
a) from $0.01 to $3,000.00 |
|
$200.00 |
| |
b) from $3,000.01 to $5,000.00 |
|
$250.00 |
| |
c) from $5,000.01 to $10,000.00 |
|
$275.00 |
| |
d) from $10,000.01 to $30,000.00 |
|
$400.00 |
| |
e) from $30,000.01 to $50,000.00 |
|
$500.00 |
| |
f) from $50,000.01 to $100,000.00 |
|
$800.00 |
| |
g) from $100,000.01 to $150,000.00 |
|
$1,500.00 |
| |
h) from $150,000.01 to $200,000.00 |
|
$1,550.00 |
| |
i) from $200,000.01 to $250,000.00 |
|
$1,575.00 |
| |
j) from $250,000.01 to $2,000,000.00 |
|
3.5% |
[Example: For a transaction for $300,000.00 the
fees charged would be: $200.00 + $250.00 + $275.00 + $400.00 + $500.00 +
$800.00 + $1,500.00 + $1,550.00 + $1,575.00 + 3.5% of $50,000.00 ($1,750.00) =
$8,800.00. If calculated at a straight 3.5% of the $300,000.00, the
fees would be $10,500.00].
FIRST PARAGRAPH: The fees for transactions above Two Million Dollars
($2,000,000.00) shall be calculated as agreed.
SECOND PARAGRAPH: If the complexity,
novelty or difficulty of the matter submitted to the lawyer will require more
time to be spent than normal, the lawyer may establish their fees on the basis
of an hourly rate, with a minimum of $150.00/hour.
THIRD PARAGRAPH: Where documents cover various transactions, the fees
shall be charged according to the value of each transaction, except as provided
in the heading of this article, where there are loan documents and it is the
same creditor.
FOURTH PARAGRAPH: In rental agreements and the like, the amount of fees shall
be calculated according to the amount to be paid during the term of the contract
(i.e. for a monthly rental of $1,000.00, for a one year
period, the basis would be $12,000.00). In the case of a lease for
an indefinite time period, the calculation should be based on the rent due
during a two year period.
FIFTH PARAGRAPH: In the drafting of documents for incorporation into
the Horizontal Property Regime (Condominiums), a
rate of one/1,000 of the value attributed to the property, with a minimum charge
of $3,000.00 per document.
SIXTH PARAGRAPH: The cancellation of a mortgage and any other guarantee
will result in a minimum fee of Three Hundred Dollars ($300.00), except where
otherwise agreed.
SEVENTH PARAGRAPH: The supplementary titles shall result in a minimum
fee according to the value of the asset, in accordance with the rate established
in the first part of this article, and with the limitations established in the
FIRST paragraph.
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| 1. |
Preparation of Minutes for the Declaration of Improvements,
according to the value |
minimum |
$250.00 |
| 2. |
Drafting of powers shall result in minimum fees according
to the following rates: |
|
|
| |
a) Power of Attorney from a natural person |
|
$100.00 |
| |
b) Power of Attorney from a legal person for legal
representation, without actually exercising the power of attorney |
|
$200.00 |
Title Searches (does not include preparation of
the Minute)
| 1. |
For transactions for a value of no more than $10,000.00 |
as agreed with minimum of |
$150.00 |
| 2. |
For transactions between $10,000.00 and $25,000.00 |
as agreed: less than 2% of the value of the
transaction, with minimum of |
$350.00 |
| 3. |
For transactions between $25,000.00 and $50,000.00 |
as agreed: less than 1.5% of the value of the
transaction, with minimum of |
$450.00 |
| 4. |
For transactions between $50,000.00 and $100,000.00 |
as agreed: less than 1% of the value of the
transaction, with minimum of |
$750.00 |
| 5. |
For transactions between $100,000.00 and $250,000.00 |
as agreed: less than 0.0085% of the value of
the transaction, with minimum of |
$1,000.00 |
| 6. |
For transactions between $250,000.00 and $1,000,000.00 |
as agreed: less than 0.0075% of the value of
the transaction, with a minimum of |
$1,000.00 |
| 7. |
For transactions over $1,000,000.00 |
as agreed: at least 0.0065% of the value of
the transaction, with a minimum of |
$1,875.00 |
FIRST PARAGRAPH: When the work includes the preparation of the sale Minute,
the percentage may be doubled, but the professional fees should never exceed
$50,000.00 unless the service has been calculated based on $150.00 per hour of
work, in which case the professional fees are unlimited.
| 1. |
Sanitary registration of Medications, cosmetics, food and
liquor |
each |
$350.00 |
| 2. |
Renewal |
|
$350.00 |
| 3. |
Suppression or change or modification of side-effects or
effects or warnings or excipients or about doses or colours |
|
$300.00 |
| 4. |
Transfer |
|
$300.00 |
| 5. |
Modification of the name of the product |
|
$300.00 |
| 6. |
Modification of the formula of the product or reformulation
|
|
$300.00 |
| 7. |
Suppression of the requirement for sale with prescription |
|
$300.00 |
| 8. |
Change of the name of the owner |
|
$300.00 |
| 9. |
Sanitary license for operation and registration of
Laboratories (Types A, B, C & E) |
|
$400.00 |
| 10. |
Request for speedy revision |
|
$200.00 |
| 11. |
Request for approval of labels or modification of
advertising |
|
$300.00 |
| 12. |
Change of fabricant |
|
$300.00 |
| 13. |
Identification or determination of the generic name of the
product |
|
$300.00 |
| 14. |
Modification or amendment of resolutions |
|
$300.00 |
| 15. |
Abandonment of the application |
|
$300.00 |
| 16 |
In all other matters, where possible, the rates for
industrial property should be followed. |
|
|
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| 1. |
Representation before the Ministry of Labour |
|
|
| |
a) for the worker |
hourly |
$50.00 |
| |
b) for the employer |
hourly |
$150.00 |
| 2. |
Work permit (obtaining or extension) |
|
$400.00 |
| 3. |
Presentation of request for reconsideration and/or appeals
in work permit applications |
|
$200.00 |
| 4. |
Verbal consultation |
|
|
| |
a) for the worker |
|
$50.00 |
| |
b) for the employer |
|
$150.00 |
| 5. |
Written opinion |
|
|
| |
a) for the worker |
|
$50.00 |
| |
b) for the employer |
|
$200.00 |
| 6. |
Review of liquidation calculation |
|
|
| |
a) for the worker |
|
$50.00 |
| |
b) for the employer |
|
$200.00 |
| 7. |
Preparation of an Employment Contract |
|
|
| |
a) for the employer |
|
$200.00 |
| 8. |
Preparation of the Employee Handbook (regulations) |
|
|
| |
a) drafting |
|
$600.00 |
| |
b) presentation for approval |
|
$400.00 |
| 9. |
Labour Union Regulations |
|
|
| |
a) drafting |
|
$600.00 |
| |
b) presentation for approval |
|
$400.00 |
| 10. |
Application for legal standing for Labour Organisations |
|
|
| |
a) for employers |
|
$1,500.00 |
| |
b) for workers |
|
$1,000.00 |
| 11. |
Judicial Conciliation, settlement agreement (out of court) |
|
$250.00 |
| 12 |
Preparation of Statement of Petition |
|
$1,000.00 |
| 13. |
Collective Contracts (direct negotiation) |
|
|
| |
a) for the employer |
hourly |
$150.00 |
| |
|
flat fee |
$1,000.00 |
| |
b) for the workers (based on the economic remuneration) |
contingency |
20% |
| 14. |
Permanent counsel to Unions |
monthly |
$500.00 |
| 15. |
Permanent counsel to the employers |
monthly |
$300.00 |
| 16. |
Advice to workers in collective contracts with signature of
collective negotiations |
|
|
| |
a). workers (based on the economic remuneration) |
contingency |
$1,000.00 + 20% |
| |
b) employers |
flat fee |
$1,500.00 |
| |
|
hourly |
$150.00 |
| 17. |
Out of court negotiation for the recognition of Labour
Rights (remuneration, benefits, indemnification and other) |
contingency |
15% |
| 18. |
Preparation of documents upon termination of the labour
contract by mutual accord, which includes the calculation of the liquidation |
|
|
| |
a). Representing the employer |
|
$250.00 |
| |
b). Representing the employee |
contingency |
15% |
| 19. |
Single hearing (no re-hearing) |
|
|
| |
a). Representing the employee (including appeal if
necessary) |
contingency on judgement or settlement |
30% |
| |
b) Representing the employer |
except as otherwise agreed |
$500.00 |
| 20. |
Request for Authorisation to fire a worker that has union
privileges, maternity privileges or statement of petitions |
|
|
| |
a) in initial hearing |
|
$700.00 |
| |
b) in re-hearing |
|
$300.00 |
| 21. |
Request for authorisation to fire for economic or other
reasons before the General Labour Directorate |
|
$1,500.00 |
| 22. |
Proceedings regarding the breach of article 215 of the
Labour Code |
base + contingency on results |
$250.00 + 20% |
| 23. |
Declaratory Hearings |
|
|
| |
a). representing the worker |
|
|
| |
a.1. in initial hearing |
contingency |
25% |
| |
a.2. in re-hearing |
contingency additional to initial hearing |
15% |
| |
a.3. for both hearings, or when the
process is over, should the employer not appeal |
25% |
| |
Paragraph: It is possible to request, by agreement, a
prepayment from the client |
|
|
| |
b) representing the employer |
|
|
| |
b.1. in initial hearing |
|
$750.00 |
| |
b.2. in re-hearing |
|
$500.00 |
| |
b.3. for both hearings |
|
$1,000.00 |
| |
Paragraph: the rates may be increase by reason
of the amount in litigation and the amount of work required |
|
| 24. |
Proceedings for Union Privileges |
|
|
| |
a). restoration |
base + contingency on lost wages |
$250.00 + 25% |
| |
b). for the employer |
|
$750.00 |
| 25. |
Summary Proceedings |
|
|
| |
a). for the plaintiff |
contingency |
25% |
| |
b). for the defendant |
|
$500.00 |
| |
b.1. with presentation of demurrer |
|
$1,000.00 |
| 26. |
Arbitration Hearings |
|
|
| |
a). Individual |
|
|
| |
a.1. for the worker |
|
15% |
| |
a.2. for the employer |
|
15% |
| |
a.3. as an arbitrator |
according to the rates
corresponding to the body where the arbitration takes place |
| |
b) Collective Contracts or according to Arbitration Clause |
|
|
| |
b.1. for the workers |
|
$250.00 |
| |
b.2. for the employer |
|
$500.00 |
| |
b.3. as an arbitrator |
according to the rates
corresponding to the body where the arbitration takes place |
| 27. |
Labour Appeal |
|
|
| |
a). Appeal Petition |
|
|
| |
a.1. For the worker |
|
$500.00 |
| |
or |
base + 10% |
$250.00 |
| |
a.2. For the employer |
|
$1,000.00 |
| |
or |
base + 10% |
$500.00 |
| |
b). Opposition to the Appeal Petition |
|
|
| |
b.1. For the worker |
|
$350.00 |
| |
or |
base + 10% |
$250.00 |
| |
b.2. For the employer |
|
$800.00 |
[The rest of the Rates of Professional Fees have been published in separate
pages, in order to keep the size of the document smaller and easier to download].
commercial law:
commercial litigation |
banking superintendence |
insurance superintendence
ministry of economy and finance |
ministry of housing |
other
matters
procedural law (civil and commercial):
summary proceedings |
ordinary proceedings |
ex-parte proceedings |
probate proceedings |
commercial courts |
maritime courts |
special proceedings |
special appeals |
family and children's court |
minors |
division of assets |
special cases of presumption
criminal procedure:
consultations |
assistance |
preparation of complaints |
defence in criminal proceedings |
complaints and victim protection |
representation before police authorities
See also:
Billing Policy | Billing
Fees | Guidelines
for Services | Letters of
Engagement
Last edited:
08-May-2009
Credit Card Form | Estate Planning | Foundations | Pma IBC | Pma Business Corp | Lawyer Fees | Immigration Fees | Real Estate
Lawyer Fees II | Lawyers Fees III | Lawyer Fees IV | Lawyer Fees V | Lawyer Fees VI
|
