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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] The retainer agreement may serve as the basis of authority for a legal advocate.
However, the attorney must refund any portion of the retainer or other fees paid that exceeds what the attorney has earned during the representation. The attorney must notify the client of the withdrawal prior to ceasing his work on the case, must make a reasonable effort to assist the client in obtaining new counsel, and must cooperate with ...
The checks were logged in internal records as legal expenses arising from a retainer agreement. Prosecutors allege the payments were mislabeled to conceal Cohen’s reimbursement and the ...
Normally, most lawyers negotiate a written fee agreement up front and may require a non-refundable retainer in advance. Recent studies suggest that when lawyers charge a fixed fee rather than billing by the hour, they work less hard on behalf of clients, and clients get worse outcomes.
Mr Trump later reimbursed him but misrepresented those payments as part of a non-existent legal retainer, prosecutors allege. “If he’s convicted he will have been found guilty of fraud, ...
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The process can sometimes take years, not to mention the piles of paperwork and legal fees. For example, when the beloved entertainer Prince passed away in 2016, the legal dogfight over his estate ...
Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1]
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