Legal Question in Legal Malpractice in California
Retainer fee
As an attorney what are the positives and negatives of using retainer fees?
I have a speech in my legal malpractice class and would like to hear from a real attorney. Thanks.
Asked on 7/24/05, 3:52 pm
2 Answers from Attorneys
Re: Retainer fee
Positives are that it is MUCH, MUCH, MUCH more likely that you will actually get paid for the work that you perform. Without a retainer it is MUCH, MUCH, MUCH more likely that a client will stiff you on a bill even where they were ecstatic about your work.
The biggest downside is accounting for the retainer and maintaining your trust account.
Answered on 7/29/05, 6:29 pm
Carl Starrett
Law Offices of Carl H. Starrett II
Re: Retainer fee
I have had to turn away clients who simply couldn't afford the retainer. Getting the deposit up front cuts down on the chances that the client won't pay you.
Answered on 7/29/05, 6:37 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
