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 […]
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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...In what cases are retainers not required?
We recently discussed what a retainer is and why it is used in an earlier post. However, not all cases involve a client depositing a retainer in a client trust account. What cases do not require the payment of a retainer? Retainers are not used in personal injury cases, workers compensation cases, and cases involving […]
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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