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.
Massachusetts Legal Services Agreement - Retainer
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FAQ
A flat fee agreement is a final arrangement between two parties that outlines specific terms and conditions. Typically, this type of agreement is used in legal or business transactions, and it can often be beneficial for both parties involved.
You may have signed a retainer agreement or a contract with an attorney, believing that he or she was the best choice, only to have communication break down or decide that you are simply not happy with your representation. Fortunately, California law permits you to terminate your contract for legal representation.
Finally, a retainer fee is sometimes considered a down payment on legal services that the client will need. This means the legal fees will be subtracted from the retainer until the retainer is used up. The lawyer would then bill you for any additional time spent on your case or ask you to pay an additional retainer.
A flat fee is a fixed amount that constitutes complete payment for the performance of described services regardless of the amount of work ultimately involved, and which may be paid in whole or in part in advance of the lawyer providing those services.
Either way, a client will sign a ?retainer agreement,? but under the flat fee arrangement, they would not pay a retainer, but a fee. While many fields of law are very suitable to a flat fee agreement, others are done on a retainer or hourly rate agreement.
Flat Fee vs Fixed Fee With fixed fees, some legal professionals may see it as a way to describe a set price for a ?package? of legal work, that a corporation would pay an ongoing fee to cover, while a flat fee would be paid for a single legal service.
A flat fee, also referred to as a flat rate or a linear rate refers to a pricing structure that charges a single fixed fee for a service, regardless of usage.
Massachusetts allows attorneys to collect a fee when they refer a client to another attorney or firm. To meet the state's rules, attorneys must believe the other attorney is competent to handle the matter, notify the client in writing of the division of fees, and ensure the fees are reasonable.
