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Author:  Shannon Cavers
Date: December 11, 2006

 

 

Client retainer requirement explained by a lawyer
 


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A Retainer is a down payment for future services rendered. From the initial consultation, a lawyer knows many facts about your situation. Based on those facts and past experience in dealing with similar cases, a lawyer has an idea of how many hours of work it will take to provide the service. A retainer is really the estimate in billable hours at the hourly rate. For example, an attorney charging $150/hour estimates that a case will take 10 billable hours of work may ask for a retainer of $1,500. As consumers, we all want to know what something will cost in the end. Lawyers use retainers to provide that information to their client. We all want to get paid for the work that we do, whatever our profession. A retainer makes sure that the lawyer will get paid for the work that is performed for a client. Aside from using a credit card, loan or line of credit, most businesses require you to pay for services or merchandise in advance or at the time that the merchandise is received.

 

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  The Cavers Law Firm, LLC
  711 Norfolk St. Suite 711
  Houston Texas, 77098
  E -mail:
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  Phone: 713-528-2400
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