Quote:
Originally Posted by vintagetoppsguy
I generally don't either. I make an exception in the case of a friend.
Thank you, but I know what a retainer is - it's bascially like an advanced payment for an attorney's fee. In 1999, I had to put up a retainer in my custody battle with my ex wife. The attorney charged a $5000 retainer and billed $250/hr against the retainer. Every month I received a bill for whatever he billed so that there was $5K in the retainer at all time. Don't tell me about retainer fees.
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You are actually incorrect a true retainer is paid so the lawyer is available when you call. In essence it is earned when paid. The situation you described is a fee deposit. The money is given to the lawyer but is not earned until he works on the case. Most lawyers even get confused about the difference.