Attorney’s fees
Lead Intern Staff asked 2 months ago
How do attorneys set their fees and how much does it cost to hire an attorney?
Lead Intern Staff answered 2 months ago
Every lawyer or law firm has its own practices. Generally, after free consultation, if you decide to hire a lawyer, they will ask for a retainer. The retainer is like an escrow account. They estimate how much a case is likely to cost and ask for a check. The money is deposited in an account of firm/lawyer but generally they can only withdraw money for service rendered.
Example: an attorney may ask for $2000 retainer. If they bill per case, that money will be theirs once your case is settled/closed. If they bill hourly, they will invoice the number of hours worked on the case and if below the $2000 they will reimburse the balance, if more, they will bill you.
In any rate, you are entitled to an detailed explanation of billing practices when you contract a lawyer.
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