Kansas Contract to Employ Law Firm - Hourly Fee with Retainer
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How to fill out Contract To Employ Law Firm - Hourly Fee With Retainer?
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FAQ
If your retainer fees are depleted but your case is ongoing, your responsibility for payment for future work on your case will be spelled out by the retainer fee agreement that you signed with your attorney or law firm.
The steps often are: Review the Retainer Agreement. ... Hire a New Attorney. ... Send a Termination Letter to Fire an Attorney. ... Finalize the Arrangement Regarding the Transfer of Files. ... Inform the Court.
A retainer fee is usually non-refundable, though you may receive a portion of it back if the service costs less than what you paid initially.
A retainer fee can be any denomination that the attorney requests. It may be as low as $500 or as high as $5,000 or more.
The amount serves as a guarantee by the client to pay the attorney upon completion of the agreed work. The attorney cannot claim the retainer fee until he has completed the work and invoiced the client. Any remaining retainer fee after paying the hourly attorney fees should be returned to the client.
The amount serves as a guarantee by the client to pay the attorney upon completion of the agreed work. The attorney cannot claim the retainer fee until he has completed the work and invoiced the client. Any remaining retainer fee after paying the hourly attorney fees should be returned to the client.
Cons of Retainers Retainers may have a lower hourly rate. Although the hourly rate sometimes calculates as lower than average, the steady stream of income can produce greater revenue for your business. Workload may vary.
Retainers are a type of compensation agreement with lawyers either for reserving their employment or as compensation for future services. General retainers are the traditional type of retainers where a lawyer agrees to handle a case or future issues that arise for a client.