Mechanics lien attorney filing skyrockets your business leverage
Cost Considerations and Financial Benefits
While there is an upfront cost to hiring a mechanics lien attorney, the potential financial benefits far outweigh the investment. Attorneys typically charge either a flat fee for filing services or an hourly rate for more complex cases. The average cost can range from $500 to $1,500, depending on the complexity of the lien and the attorney's experience1.
The financial benefits of successfully recovering payments through a mechanics lien can be substantial. By securing payments that might otherwise be delayed or lost, your business can maintain a healthy cash flow, invest in growth opportunities, and avoid costly borrowing.
Real-World Examples and Success Stories
Consider the case of a subcontractor who faced non-payment from a general contractor on a sizable project. By hiring a mechanics lien attorney, they were able to file a lien promptly, which led to a swift settlement. The property owner, anxious to avoid legal complications, released the funds, allowing the subcontractor to continue operations without financial strain2.
Another example involves a supplier who was at risk of losing a significant portion of their revenue due to a client's bankruptcy. With the help of a mechanics lien attorney, they secured their claim against the property, ensuring they were prioritized in the distribution of the client's remaining assets3.