What is a retainer fee and a “contingent” fee?
A retainer fee (an up front amount of money) may be required in an agreement between a lawyer and client at the beginning of the representation. You have a right to a written agreement outlining the specifics regarding any fees, and outlining your relationship with the attorney. Some lawyers are paid on a “contingency” basis (e.g. a percent of the amount derived from the case), but “contingent” fee cases are limited by law. Ask about the limitations during your consultation.
Related Questions
- On a flat-fee retainer with the entire fee held in trust, can the law firm render a statement of account for the entire quoted fee although only partial services have been performed?
- Are there out-of-pocket expenses not included in the monthly retainer fee?
- How much is the retainer fee and when is final payment due?
