Township Council Meeting — Agenda

MRS L 000300-20 05/22/2020 Pg 6 of 16 Trans ID: LCV2020932426 c. Determining Whether a Fee is Fair and Reasonable number of hours reasonably expende calculation known as the lodestar. Rendline v. Pantzer, 141 N.J. 292, 324 (1995). When determining whether the lodestar is fair and reasonable, a court should be guided by the Rules of Professional Conduct 1.5, which focuses on: (1) the time and labor required, the novelty and difficulty of the questions involved, and the skill requisite to perform the legal service properly; (2) the likelihood, if apparent to the client, that the acceptance of the particular employment will preclude other employment by the lawyer; (3) the fee customarily charged in the locality for similar legal services; (4) the amount involved and the results obtained; (5) the time limitations imposed by the client or by the circumstances; (6) the nature and length of the professional relationship with the client; (7) the experience, reputation, and the ability of the lawyer or lawyers performing the services; (8) whether the fee is fixed or contingent. [R.P.C. 1.5(a)]. In relevant part, R. 4:42- supported by an affidavit of services addressing the factors enumerated by RPC 1.5(a). The affidavit shall also include a recitation of other factors pertinent in the evaluation of services rendered, the amount of allowance applied for, and an itemization of disbursements for which R. 4:42-9(b). 6 Pa047