When someone threatens to call their lawyer, he or she could very well have a lawyer "on retainer." To have a lawyer on retainer means that the client pays a lawyer a small amount on a regular basis. In return, the lawyer performs some legal services whenever the client needs them.
In this manner, what does it cost to have a lawyer on retainer?
Costs start at $100 per hour for new attorneys, but standard attorney fees for an expert lawyer to handle a complex case can average $225 an hour or more.
Average Attorney Fees.
|Attorney Fees ||Hourly Rates |
|National Average Cost ||$225 |
|Minimum Cost ||$100 |
|Maximum Cost ||$1,000 |
|Average Range ||$100 to $300 |
Beside above, can a lawyer's retainer be refunded?
It is common for a person seeking the services of a lawyer (attorney) to pay a retainer ("retainer fee") to the lawyer, to see a case through to its conclusion. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed.
How long does a retainer last for a lawyer?
The attorney should provide a retainer agreement detailing the retainer fee and how to proceed if the fee is depleted. If a lawyer charges $200 per hour and the parties estimate that the case will take a minimum of 30 hours, the client may be required to deposit a $6,000 retainer fee.
Should I keep a lawyer on retainer?
Retainers are most useful for business that need constant legal work, but do not have enough money to hire a lawyer full time. Also, individuals who are likely to need a lot of legal work might want to have a lawyer on retainer.