A retainer for a lawyer is an advance payment made to secure the lawyer's services, often covering initial fees and ensuring the lawyer's availability for your legal needs. It generally acts as a deposit, with funds drawn down as the lawyer performs work. Before you hire an attorney for y...
What Are Unearned and Earned Retainer Fees? Is It Possible to Recover Attorney’s Fees? Are There Fee Agreements Without Retainer Fees? Do I Need a Lawyer for Help With Retainer Fees? What Is a Fee Agreement? As mentioned above, an attorney fee agreement is a written contract that includes...
With a retainer fee, the attorney charges a set amount of money up front, which is typically a deposit, and then bills the client for services rendered based on an hourly fee. Typically, once the retainer is used, an hourly rate will apply. If an attorney charges a contingency fee, it...
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In a standardretainer feestructure, a client pays a lump sum ahead of time (say,$8,500). The attorney then bills against that amount as they work on the case. Once that retainer has been depleted (used entirely), the client is billed for any additional work at the attorney’s hourly ...
Employ by payment of a retainer. They retained a lawyer to handle the case. 1 Sustain Strengthen or support physically or mentally This thought had sustained him throughout the years Retain To keep possession of; continue to have The family sold the house but retained the land. Sustain Undergo...
Membership model: This is similar to the subscription model and is often used by clubs, gyms and associations where members pay a recurring fee for access to facilities or services. Retainer model: This model is typically used in professional services such as law or consulting, in which clients...
I think the trick is to use professionals as sparingly as possible, but do use them when you need them. There's no substitute for an accountant or a lawyer or especially a doctor when you really need one. ByKoiwiGal— On Apr 04, 2012 ...
What Is a Retainer Fee? Aretainer feeis an upfront payment toengage a lawyer, consultant, accountant, or other professional. A typical retainer fee does not represent the final cost of the transaction. The specialist may return money from the retainer if the work finishes early, or bill addi...
Real estate law is a matter for state and local jurisdictions. Real Estate Attorneys: An Overview A real estate attorney is a lawyer who is licensed to practice real estate law. As such, they possess extensive knowledge of different real estate issues and legalities. As your representative, the...