Retainers cover specific services, like drafting legal documents, providing general advice, or representing the client in specific matters such as property disputes or ongoing negotiations.
Benefits of Retainer Agreements:
Retainers allow clients to have access to legal advice and representation whenever needed, without needing to pay separately for each consultation or service.
Clients can avoid unexpected legal fees and have a clearer understanding of their legal expenses.
Retainer clients often receive priority over non-retainer clients, which can be critical in urgent matters.
Retainer Fee Structure:
Flat Fee: A set amount paid upfront for ongoing legal services.
Monthly/Annual Fee: A fixed rate charged periodically for continuous access to legal services.
Scope of Services:
Drafting legal documents
Providing general advice
Representing the client in specific matters such as property disputes or ongoing negotiations