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What is an annual retainer fee?
An annual retainer fee is the cost for a commitment to have services available if they become needed. The annual retainer fee typically refers to legal services. Charges for work done is in addition to the retainer.
Is the retainer fee deducted from the total bill?
This accounting practice varies from firm to firm and lawyer to lawyer. Some do and some do not there is no definitive answer.
How can I find a good product liability lawyer that doesn't require a retainer?
The best thing to do is to look in your local newspaper. It will have a listing for all the lawyers in your neighborhood and it will show on the ad if they have a retainer fee or not.
What is the journal entry to record a retainer fee?
Debit retainer fee expenseCredit cash / bank
Is there such a thing as having a lawyer on standby and if so how are the payments arranged?
The term usually used is "on retainer." A retainer is basically a fee paid up front for the services of a lawyer. The details vary, but usually it works something like this: The client arranges with the lawyer to represent him in either a specific legal matter (with details to come later) or just in general (as needed). The client pays the lawyer some amount of money up front. When/if the client actually uses the lawyer's services, the cost is deducted from the amount already paid. When the costs of the services approach the amount of the retainer, the lawyer and the client must reach some other arrangement. Should the client NOT use the services of the lawyer, the retainer fee is (usually) considered refundable. What you're describing sounds like something else, since the payments are made up front in a typical retainer agreement.
What is lawyer's retainer fee means?
A retainer fee basically "retains" the lawyer's services. You should discuss exactly how your prospective attorney handles the retainer fee before giving them any money, because there are a couple of different ways of handling retainer fees.It may be a fee the lawyer charges in order to be available (which may mean that they have to turn down other clients; since doing so represents a loss of business for them, it's reasonable for them to expect to be compensated for this), or it may be a kind of "down payment" on future services. In either case, it's not an "all-you-can-sue" plan, you'll still have to pay for the actual services rendered.
What do you do if you think that the lawyer you hired isn't doing enough for their client Can you get your retainer fee back and get another lawyer in the state of Kentucky?
You can always discharge your attorney - he works for YOU! Unless you have signed a contract with the attorney, you may be able to get a portion of your retainer back - but it will be less whatever expenses they incurred in your defense while working on your case.
The fee is paid to an attorney to engage their services is called?
a retainer fee
Do you get your money back if a lawyer withdraws from your case?
It depends on the agreement you have with the lawyer. In some cases, you may be entitled to a refund for any unused portion of the retainer fee. It's important to review your contract and discuss any potential refund with the lawyer.
What if your broker is requiring a retainer fee?
Lose them............fast.
How do you get retainer fee back My wife paid retainer fee couple years ago for child custody but she newer did anything on that matter and there was no activity by the lawyer or anything. How she c?
i have the same problem here in Mississippi. i called the Mississippi state bar association today (consumer division) and i was told to send a registered letter to the lawyer which needs to request an itemized bill of what he spent the money on and a refund of your remaining ballance. The subject of this letter should be "Fee dispute". The lawyer has only 7 days by law to respond to you and if no response, call the bar association again to see what to do next. good luck to you, lawyers are horrible and so slow for the most part.
I paid my retainer in full in 2007 for a chapter 13 bankruptcy to my lawyer in January 2008 i signed the bankruptcy paperwork to date my lawyer still hasn't filed my paperwork i have called his?
This is not acceptable. File a complaint with the state entity that oversees lawyers or your state or county bar association if it does that. Or sue the lawyer. I assume you have also given the lawyer the filing fee.
