Experience shows that retainers work best when they stay for a longer period of time, for example.B. 12 months and more. This gives you the opportunity to determine what is most valued by the customer, guide expectations and define what true success means for all. In addition, you can take advantage of highlighting the steps you are working on in your retainer agreement, in order to reduce them to certain results and easily track progress. What will happen if you don`t pay? The lawyer may charge you a service fee or interest on outstanding assets or take a pledge on your documents or other property from the lawyer. In other words, you will only get your belongings back when you pay the lawyer`s bill in full. The agreement with your lawyer should justify the lawyer`s right to charge you for non-payment.   If the retainer contract is signed and your team needs to work within the retainer, time recording is a must to ensure that you are not over-stocking your customers. Whatever your role, whether it`s an executive, manager, or regular team member, it`s of the utmost importance to know where your time is going. It will help you maintain a healthy workflow, stay organized, and finally get the knowledge you didn`t know before. The retainer agreement is also beneficial for the client, as it provides an estimated budget for attorney fees. However, depending on the nature of your case, it is not uncommon for a legal case to “explode”, which requires much more time and effort to resolve it.
You are right and we see where your concerns come from.