A. The court shall, at the request of any party in any action under this chapter, determine the reasonableness of each party’s attorneys’ fees. The court shall take into consideration the following:

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1. The time and labor required, the novelty and difficulty of the questions involved and the skill requisite to perform the legal services 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 ability of the lawyer or lawyers performing the services.

8. Whether the fee is fixed or contingent.

B. In the event that any party requests a determination of the reasonableness of a party’s attorneys’ fees pursuant to subsection A, the court shall complete such determination within twenty days of the request.