One of the most important issues an attorney must address are the fees for their legal services. A client should always know in writing what the fees will be for a particular matter they wish to retain an attorney for.
I always use a Retention Agreement for every new client matter. The Retention Agreement may come in many different forms. In some situations a formal letter is provided to the client. In other situations the Retention Agreement looks more like a contract for services. Either option will outline the legal matter and responsibilities of the attorney and my staff. The agreement will also explain what fees and expenses are expected for the matter. The client and the attorney will sign the Agreement and copies will be provided to the client for their records.
What about fees? There are many options when it comes to fees. Sometimes fees are charged on an hourly basis. On the other hand I prefer to use flat rate billing when possible . For the client the benefit of a flat rate is knowing ahead of time what the total fees will be for a particular service. For many of the services I provide flat rate billing is used, Residential Real Estate, Wills and Trusts are just a few examples of my flat rate services.
As the client it is your right to know what the fees will be for the services you need. Sometimes only an estimate can be provided but in many cases a flat fee can be used. Either way be certain that all the terms of the services are in writing.
Thanks for putting Retention Agreement on your post and I wonder what it is, now I know what retention agreement is for.
Jason
Posted by: lucas law center | April 16, 2009 at 03:12 AM