Novating Our Retainer Agreements

Jeremy M. Evans
We need to think more efficiently about fee structures, with the client’s needs at the top of our minds.

We need to think more efficiently about fee structures, with the client’s needs at the top of our minds.

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The written agreement for services generally starts the legal relationship between the attorney and client. Typically called a legal services or retainer agreement, it defines and protects the attorney-client relationship and services. The traditional billing model is based on an hourly rate that is started with a signed retainer agreement and payment. Once the initial retainer payment is exhausted, the client is notified and either the retainer is replenished or a time sheet with an invoice is sent out within a 30-day pay period after the retainer has been exhausted.

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