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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]
Money within the retainer is often used to "buy" a certain amount of work. Some contracts provide that when the money from the retainer is gone, the fee is renegotiated. This is to be differentiated between a retainer in Commonwealth states, where a retainer is the contract that is initially signed by a client to engage a lawyer.
Unbundled legal services, also known as limited scope representation and discrete task representation, is a method of legal representation in which an attorney and client agree to limit the scope of the attorney’s involvement in a lawsuit or other legal action, leaving responsibility for those other aspects of the case to the client in order to save the client money and give them more control.
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 ...
[28] [29] More common types of retainer defined by the court included the classic retainer (also known as a true retainer) [30] and the security retainer. [3] [31] A classic retainer was described by the court as one used in an attorney-client relationship for a set length of time or a particular purpose.
Detectives said the attorney accepted a $5,248 retainer from Rebecca Torres but then did not appear for court proceedings or return her calls. When she requested an explanation Aug. 22, Beardsley ...
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