According to this agreement, client agrees to pay a retainer fee for legal services. The client and attorney agree that no attorney/client relationship will exist until the law firm has received the retainer fee from the client.
District of Columbia Legal Services Agreement - Retainer
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FAQ
Typically, agency retainers are long-term contracts that can last anywhere from six months to many years. In most cases, the client is billed in advance by the agency for its services on a monthly or quarterly basis.
A retainer is the contract essential to the creation of any relationship between lawyer and client, entitling the lawyer to charge legal costs. A costs agreement is a second contract about the payment and quantification of the legal costs flowing from a retainer.
You pay your lawyer a sum of money as a deposit (?the retainer?). The lawyer deposits those funds into his/her trust account. That money is in trust for you. You are then billed by the hour (usually in increments of 0.1 of an hour depending on the law firm) for all Retainer Work done on your file.
In agency-speak, a retainer agreement is an ongoing month-to-month agreement between a service provider and their client. Think of a retainer contract as a work-for-hire agreement where you complete either a set amount of work for the client on a monthly basis or commit a set number of hours to their work.
What is a Retainer Agreement? In general, a retainer letter or agreement confirms the terms of engagement of your professional services. It sets out the scope of services to be performed, billing matters, and your authority to act. It is the contract between you and your client.
The retainer should list all the legal services that the lawyer will provide; Ask the attorney to specifically outline their fees; Never sign a fee agreement that favors the attorney's interests over your own; and. Avoid an attorney that pressures you into signing the retainer agreement quickly.
