What is a “retainer” and how is it determined?

 

A "retainer fee" or “retainer,” is an amount of money paid before an attorney begins work. The amount is an estimate of the number of hours we think it will take our team to complete your case. Of course, this is much like attempting to summarize a book by reading its first few pages or reviewing a movie based on the previews - we do not fully know what we are in for until we are in it. Ethically, once an attorney represents you, he cannot stop representing you if it would unduly prejudice your interests. It is easier for a client to end representation at any time than it is for an attorney to do the same.

To find out more about retainers, please read our article, Understanding Legal Fees: What Is A Retainer?

                       

Brooke Swier Schloss
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Estate Planning & Family Law Attorney