Law Firm Retainer Agreement Information
A retainer agreement is a contract between you and the law firm where
your rights and responsibilities to each other are outlined. You are
strongly encouraged to read and understand the retainer agreement
before signing the document as it is a binding legal contract. The
retainer fee amount is a sum that the law firm requires that you pay as
an advance against work to be done. This means that after you retain
our law firm by signing the retainer agreement contract and pay the
retainer fee, our law firm is now able to start working on your case
and the law firm will get paid from the fee money you initially
provide. If those funds are depleted, a refresher retainer will be
required by the law firm in order for the attorneys to continue to work
on your case.
A common misconception is that a law firm that requires a smaller
retainer agreement means that your divorce or family law matter will
cost less if you retain that firm. This is absolutely incorrect because
the initial retainer amount has nothing to do with how much work and
how many hours will be required to resolve your matter. Unfortunately,
some law firms will use this lower retainer amount as a way to play on
this misconception and lure potential clients to sign up for their
services. Of all the criteria you will be considering to determine
which law firm and attorney is right for you, the amount of the initial
retainer fee should not the most heavily weighed factor.
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