When you hear the term “lawyer on retainer,” you may think of someone who is always available to provide legal services, sort of like a personal lawyer for hire. But the concept of a lawyer on retainer is actually quite different. In this article, we’ll explain what a lawyer on retainer is and how the arrangement can benefit both lawyers and clients.
What is a Lawyer on Retainer?
A lawyer on retainer is an attorney who has been hired by a client on a recurring basis. The client pays the lawyer a monthly or annual fee, and in exchange, the lawyer agrees to be available to provide legal services when needed. The client may or may not actually need the lawyer’s services on a regular basis, but the arrangement provides the client with peace of mind knowing that a qualified legal professional is available if needed.
There are several advantages to this arrangement for both lawyers and clients. For lawyers, it provides a guaranteed source of income, which can be helpful in managing cash flow. The arrangement can also help build loyalty and trust between the lawyer and client. And for clients, the arrangement provides the convenience of having a lawyer on call, so to speak, and can save money in the long run if the lawyer’s services are needed on a regular basis.
Of course, there are also some disadvantages to consider. For lawyers, the biggest downside is that they may end up spending a lot of time on retainer clients who don’t actually need their services very often. And for clients, the biggest downside is that they may end up paying for legal services that they never use.
How to Find a Lawyer on Retainer
If you’re interested in finding a lawyer on retainer, there are a few different ways to go about it. You can ask your friends or family if they know of any Houston law firm offer this type of arrangement. You can also search online or in the yellow pages for lawyers in your area who offer retainers.
Once you’ve found a few potential candidates, be sure to interview them to find out more about their experience and qualifications. And be sure to ask about their fees and how they prefer to be paid.
Conclusion:
The lawyer on retainer arrangement can be a great option for both lawyers and clients. It provides a guaranteed source of income for lawyers and the convenience of having a lawyer on call for clients.
