Hiring an attorney can feel overwhelming, especially when itcomes to understanding how legal fees work. Most people have heard terms like“retainer” or “litigation expenses,” but may not fully understand what thesecharges mean or how they affect the total cost of representation. This guide breaks down the billing terms you will encounterwhen working with The Lockwood Legal […]
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What Is A Retainer And Why Do Attorneys Require Them
What Is A Retainer And Why Do Attorneys Require Them? With most, if not all other professional service industries, customers typically do not pay for services prior to those services being rendered. Ask yourself, when was the last time you paid your doctor or psychiatrist’s a lump sum of money prior to visiting […]
Read more...How much will my retainer be?
As discussed before, the cost to a client for a particular case depends upon several factors. Likewise, the amount of a retainer required by a client for a particular case depends upon the same type of factors. Those factors include: Type of case; State in which the case is to be filed i.e. Indiana, Michigan, […]
Read more...What is a retainer?
A retainer is an amount of money paid by a client to retain the services of a law firm. The money paid by the client is placed into accounts called Client Trust Accounts. Moneys deposited by the firm into these accounts are not the firm’s money until work is performed on the case and the […]
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