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It is common for a person seeking the services of a lawyer (attorney) to pay a retainer ("retainer fee") to the lawyer, to see a case through to its conclusion. [2] A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3]
Attorney's fee is a chiefly United States term for compensation for legal services performed by an attorney (lawyer or law firm) for a client, in or out of court. Fees may be an hourly, flat-rate or contingent fee.
Fee was paid as a retainer You’re not entitled to a refund if the money you paid was a true retainer meant to reserve a place in the attorney’s schedule, not to pay for any work.
For example, a retainer agreement might provide that a lawyer will receive a 33 and 1/3% contingency fee if a case settles before a lawsuit is filed, a 40% contingency fee if the case settles after the lawsuit is filed, or up to 45% if the lawsuit goes to trial.
A retainer could cost anywhere from $6,000 to $11,000, according to a 2023 report by Advisory HQ. You could also consider working with a financial adviser who charges a fee on a per-hour or ...
Where the attorney withdraws from representation, he has a continuing duty to maintain the confidentiality of information provided by the client during the relationship, except to the extent that the attorney may need to reveal confidences in a lawsuit to recover unpaid fees owed. However, the attorney must refund any portion of the retainer or ...
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