In the legal realm, the "lodestar method" refers to a method of computing
attorney's fees whereby a
trial court
A trial court or court of first instance is a court having original jurisdiction, in which trials take place. Appeals from the decisions of trial courts are usually heard by higher courts with the power of appellate review (appellate courts). ...
must multiply the number of hours reasonably spent by trial counsel by a reasonable hourly rate. This figure can then be adjusted upward or downward for certain factors known as
multipliers, such as
contingency and the quality of the work performed, to arrive at a final
fee
A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contrad ...
. Under the lodestar method, the most heavily weighted multipliers are the time and labor required.
References
External links
What is Reasonable Under Lodestar?
American legal terminology
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