Retainer Contracts
Retainer Contracts
Out of context: Reply #12
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Freedom - It's just like having a lawyer on retainer (you've seen this a billion times in movies, no?). You pay for access, presumably because you know you will need their services on a moments notice and don't want a "sure, we'll get to you next month" answer.
- lawyer retainers are different. you pay a wad up front. they work until wad done. get new wad...Gnash
- How is it different? You bill, you get paid, you bill, you get paid...serious questionformed
- Say you pay a lawyer for 50 hours upfront, they draw from it for 50 hours. Then they rebill.ETM
- Not always the fixed monthly idea where they'd expect to work 50 hours in the month.ETM
- It's typically put in trust until used.ETM
- First, the lawyer is paid up front. The money can last a week or 3 months. It's not a regular monthly paymentGnash
- "bill get paid, bill get paid" is just a regular relationship, not a retainer.Gnash
- Retainers are typically paid in advance of work, not afterGnash