The convergence to the fixed point at a bifurcation and near it is characterized via scaling formalism for three different types of local bifurcations of fixed points in differential equations, namely: (i) saddle-node; (ii) transcritical; and (iii) supercritical pitchfork. At the bifurcation, the convergence is described by a homogeneous function with three critical exponents α, β and z. A scaling law is derived hence relating the three exponents. Near the bifurcation the evolution towards the fixed point is given by an exponential function whose relaxation time is marked by a power law of the distance of the bifurcation point with an exponent δ. The four exponents α, β, z and δ can be used to defined classes of universality for the local bifurcations of fixed points in differential equations.