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It is common for a person seeking the services of a lawyer (attorney) to pay a retainer ("retainer fee") to the lawyer, to see a case through to its conclusion. [2] A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3]
Attorney's fee is a chiefly United States term for compensation for legal services performed by an attorney (lawyer or law firm) for a client, in or out of court. Fees may be an hourly, flat-rate or contingent fee.
By the same token, wealthy defendants have a strong incentive to pay the plaintiff to get a settlement, if they face a small chance of having to pay a huge amount. The rationale for the English rule is that a litigant (whether bringing a claim or defending a claim) is entitled to legal representation and, if successful, should not be left out ...
Key takeaways. Though lawyers earn above-average salaries, law students typically graduate with over $100,000 worth of debt. The amount of debt you take on will be based on the type of school you ...
Debt collectors can’t have you arrested for not paying credit card debt, but creditors can go through the legal system to force you to pay back your debt. Most commonly, creditors choose to sue ...
Lawyers logged 19,499.95 hours, conducted an investigation, document discovery, and took 17 depositions, among other work. “Plaintiff faced some of the best law firms in the country, who put ...
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