D. Insolvency Proceedings
* Filing of petition, appearance at first creditors meeting,
appointment of assignee
~ Business — P 40,000.00
~ Individual — P 30,000.00
~ Husband and Wife (additional) --- P 10,000.00
* Preparation of filing of Motion to Discharge —-P 10,000.00
* Fling of creditor's claim — P 5,000.00
* Preparation of pleadings and appearance fees shall be subject
to hourly rates and separate from the fees above-stated
Representing Pebitoner
~ Without Opposition 10% ofthe value of ofthe estate
With Opposition 20% of the value ofthe estate
* Representing the Oppositor 15% of the value ofthe share of
the oppositor
In all cases the client must pay an acceptance fee of at least
30,000.00 for the preparation ofthe petition or opposition as well as
hourly rates for the preparation of other pleadings and appearance fees,
F
10% ofthe diffrence between the amount of the offer and the
amount of compensation determined in the proceedings but not
less than the acceptance fees and hour rates herein
prescribed:
In case the right or exercise ofthe right to expropriate is
questioned the rates prescribed for general civil cases
shall be applied.
11. MONTHLY RETAINER
The monthly retainer fee for retainer arrangements whereby the
attorney is readily avaliable to render exclusive professional service to
the retaining client on routine matters affecting the clients personal or
business interests and legal affairs which may include notarial services,
but excluding the drafting or preparation of documents and collection
cases shall be at least P 5,000.00 per month,
12. EXPENSES AND DISBURSEMENTS.
Al fees in this Schedule of Minimum Fees for Legal Services shall
be exclusive of all expenses necessary or incidental to the fing and
prosecution ofthe cause of the client or representing the interests of the
client, Such expenses shall be borne or paid by the client separately
from the fees forthe legal services rendered by the attorney.
13, ATTORNEY'S LIENS
‘An attorney shall have a lien upon the funds, documents, and
papers of the client which have lawfully come into his possession and
may retain the same unti his awful fees and disbursements shall have
been paid. Subject to the rules of procedure and ethics, the attorney
may apply such funds to the satisfaction of the fees and expenses to
\which he is entitled and he shall have lien thereon pursuant to Rule 138,
Section 37 of the Rules of Court ofthe Philippines.
14, REVISION
The Schedule of Minimum Fees for Legal Services may be revised
{rom time to ime as the Board of Officers ofthe Integrated Bar of the
Philippines, lilo Chapter may deem just, proper, and desirable after
giving due consideration to the changes in time, circumstances, and
the rules of procedure or those that govern the practice of law and the
conduct of lawyers.
15, EFFECTIVITY
This Schedule of Minimum Fees for Legal Services shall be effective
on January 1,2009.
gr Bl in ce
RESOLUTION
APPROVING THE REVISIOl
OF SCHEDULE OF MINIMU
FEES FOR LEGAL SERVICE
WHEREAS, the Schedule of Minimum fees for L
Services of the IBP Iloilo Chapter was revised on Jani
11,2002;
WHEREAS, the Schedule provides that it ma
revised from time to time, considering the prevailing
lation and the change in the effective purcha:
power of mone}
WHEREAS, the prevailing socio-economic condi
requires a revision of the 2002 Schedule of Minin
Fees for Legal Services;
WHEREAS, Rule 2.04, Canon 2 of the Code
Professional Responsibility promulgated by the Supr
Court of the Philippines in June 21, 1988 provides the
lawyer shall not charge rates rates lower than custom
prescribed unless the circumstances so warrant.”;
WHEREAS, the committee on Revision created by
Board of Officers has filed its Report and submittec
final draft of the 2009 REVISED SCHEDULE of MININ
FEES FOR LEGAL SERVICES which the Board finds t
fair, reasonable and just;
NOW THEREFORE, be it resolved, as it is he
resolved, that the 2009 REVISED SCHEDULE
MINIMUM FEES FOR LEGAL SERVICES embo
herein, be approved, as it is hereby APPROVED, and
henceforth all member of this Chapter are enjoine
follow this Schedule.
Noilo City, Philippin:
, February 5,2009.
BOARD OF OFFICERS
2007-2009
VIRGILIO T. TERUEL,
President
MARVEN B. DAQUILANEA
Vice President
ELSIE JANE VICTORIA CAUSING
‘Secretary
ESTHER LEE-TRIMANEZ
‘Treasurer
EDUARDO T. REYES Ill
‘Auditor
DANIEL P. DINOPOL
PRO
DIRECTORS
PAULINO L.SALMON, JR.
MARY JEAN J. JARANILLA,
MARICAR P. VILLANUEVA-HIBALLES
EUGENIO O. ORIGINAL
RODOLFO S. CONVOCAR: